rkunsaw
Well-known Member
- Location
- Clarksville, Arkansas,USA
No, I quit using one that didn't give cash back. After 2 or 3 years they cancelled it.Is there a penalty for having a credit card and not using it?
No, I quit using one that didn't give cash back. After 2 or 3 years they cancelled it.Is there a penalty for having a credit card and not using it?
You won't establish a credit rating. That's a penalty in effect. Kind of depends on lifestyle. If you're not taking out loans, doesn't matter. If you do take out loans, a good credit score can get you lower interest rates.Is there a penalty for having a credit card and not using it?
I also keep cash on hand and reading your post, I will make it point to keep more on hand in case of power outage...great point.I pay with checks, cash, credit cards and online. Not many checks these days but for most local businesses I pay with cash. I also keep cash at home in case of power outage due to storms.
No, but there is a big penalty if you close it out.Is there a penalty for having a credit card and not using it?
I use cash to keep my transactions to a minimumCan't imagine why anyone would ever use "cash"...
I SOOOOO AGREE!!!!I use cash to keep my transactions to a minimum
...and I don't care for some entity tracking my purchases
.....and I buy/sell things with private folks
However, all bills and large transactions are auto or debit
I'd hate to see paper money disappear
Because then, totally reliant on the grid, web, etc
Not good IMO
noIs there a penalty for having a credit card and not using it?
No penalty.No, but there is a big penalty if you close it out.
No penalty.
I am "old school" myself. I refuse to do banking online since electronic banking is easily compromised, but it stresses me that when I hand a teller my passbook, they stare at it like it was a cow patty. I was in the local bank on Friday to get my bi-annual passbook update and the excuse this time was that their printer "wasn't set up".
The penalty is it effects your credit score. It drops your credit score a bit.No penalty.
I don't trust the mail delivery system these days. In fact, just the other day, mail was placed on top of our boxes for someone at a completely different address...no where near our complex.
I usually only write one check a month and that's because the system for paying our carrying charges (co-op speak for HOA fees) only excepts checks.
As far as online banking accounts being safe, if they are FDIC insured the only issue should be accessing them in the event of an emergency.
I spread my emergency fund around and keep a little in the sugar bowl, a little in the bank and a little in my brokerage MM account.
Living in an apartment and having a guaranteed retirement income has reduced my need for a large emergency fund similar to the ones recommended for younger working folks that may face a period of unemployment.
Which company would you have to pay??I never could grasp the concept that I have to pay a company to pay a bill, I have to pay to give them money....WOW!!!
I don't know who Lady is talking about, but my HOA charges $4 to pay online, so I mail them a check every quarter. You would think it would make life easier for them to get payments online.Which company would you have to pay??
My brother says "no one uses a landline anymore!" But I still do! I have 2 phones; one in the living room and one in the bedroom.
There is always at least one that is fully charged. I think it's a good thing in case of emergencies especially.