Cash is SO not cool anymore
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This thread is so full of people talking about shit they don't understand... I was going to post responses to like 15 different posts, but I don't have the energy anymore to bother. All I have to say is that I too, hate those fucking commercials. And as an ex-cashier, I can tell you, for a fact, that cash is faster than credit cards. Even when the credit card processing is done over broadband DSL line, and the merchant does not require signing, ID checking, or any other retarded form of inconvenience.
Also, as sad as that link was about that guy being almost killed by those fucking savages, I'm not prepared to say that it was caused by McDonald's policy of not checking ID on credit card purchases.
Honestly, try thinking before you post these insane ideas.
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@Carnildo said:
@PJH said:
For higher APR's you need to look at 'doorstep lending' where rates of 900% APR have been cited.
Around here, that's called "payday lending" or "loan sharking", and is entirely unrelated to the credit-card industry.
It wasn't meant to be an example of the credit card industry. It was meant to be an example of high APRs (such as the 300% mentioned up-thread.)
Which bit of my post mislead you?
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I can't believe there are people who actually pay interest on credit cards. I don't even know the APR of any of my cards. The one thing I *do* know though is the cashback %. That's currently 4% on one, and 1% on the other. Combine that with the 30+ days of interest-free credit, and that's the main reason for my not using cash.
4% saving on most non-mortgage/utility payments? Sure, thanks!
That aside, I remember the time (pre-chip and PIN) I had a new card and hadn't signed it. After about 2 months of using it(!!!) someone finally told me they couldn't accept payment with a non-signed card, so handed it back to me. I signed it on the spot, which obviously matched the signature on the receipt, and all was well. My payment went through. I don't know what was worse - 2 months without it being noticed I was using a blank card, or the "well of course the signatures match, I just saw you write them both" system.
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You're disciplined, and able to pay it off. Lots of people aren't disciplined - they get a card with a high credit limit in relation to their income, rapidly max it out, and only make the minimum payment each month. Or they use it to pay an unexpected expense (eg washing machine needs replacing) when trying to get a loan would be an unacceptable delay if not impossible.
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@RayS said:
That aside, I remember the time (pre-chip and PIN) I had a new card and hadn't signed it. After about 2 months of using it(!!!) someone finally told me they couldn't accept payment with a non-signed card, so handed it back to me. I signed it on the spot, which obviously matched the signature on the receipt, and all was well. My payment went through. I don't know what was worse - 2 months without it being noticed I was using a blank card, or the "well of course the signatures match, I just saw you write them both" system.
That is the policy of VISA and Mastercard, at least. I think they are supposed to check your photo ID as well though.
Speaking of chip and pin, when I was traveling in the UK and paying with my credit card, more than a few cashiers mistook the hologram sticker on the card for a chip. I had to explain every time, "Sorry, I'm foreign. We'll have to do this the old fashioned way."
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@Jetts said:
@RayS said:
That aside, I remember the time (pre-chip and PIN) I had a new card and hadn't signed it. After about 2 months of using it(!!!) someone finally told me they couldn't accept payment with a non-signed card, so handed it back to me. I signed it on the spot, which obviously matched the signature on the receipt, and all was well. My payment went through. I don't know what was worse - 2 months without it being noticed I was using a blank card, or the "well of course the signatures match, I just saw you write them both" system.
That is the policy of VISA and Mastercard, at least. I think they are supposed to check your photo ID as well though.
Speaking of chip and pin, when I was traveling in the UK and paying with my credit card, more than a few cashiers mistook the hologram sticker on the card for a chip. I had to explain every time, "Sorry, I'm foreign. We'll have to do this the old fashioned way."
I found being a cashier a actually asking for ID to be extremely stressful. People don't like it when you imply that their card isn't theirs. They like to increase their decibel level about twenty fold.
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@Lingerance said:
I found being a cashier a actually asking for ID to be extremely stressful. People don't like it when you imply that their card isn't theirs. They like to increase their decibel level about twenty fold.
I for one like being asked for me id. It reminds me of being carded for alcohol, which makes me feel younger, since people don't card me anymore.
