6502

Soli said:

6502 said:

StrangeDays said:

wizard69 said:

Soli said:

sirlance99 said:

hmlongco said:

sirlance99 said:

Standard isn’t always best when many cards have better rewards than 2%. Also, my standard purchases are extremely low compared to other categories. There’s practically nowhere that I purchase things that I can’t get at least 3% back and up to 5% on most things. 

Depends on how one defines "best", doesn't it? The Amazon Prime Store Card, for example, gives you 5% back... with a 28.24% annual APR.

Apple committed to a low (albeit unspecified) APR, with no fees, no late charges, and no penalties. Not to mention the not-so-minor fact that you get your rewards back daily as Apple Cash. Not at the end of the month, not when you redeem them. Daily.

Then there's the secure unique randomized card number per transaction. No number or signature to steal on the physical card. No tracking of purchases. No sales of transaction data.

I don't know about you, but there's a ton of value in privacy and security.

Fees and APRs don’t matter if you pay your balance in full. 

You realize that being able to pay off your cards every month isn’t the norm, right?

If you think the “norm” is being stupid then we have a problem.  By the way I learned this the hardway and have drastically changed my use of a credit card.    At this point I try to keep all card purchases beyond an emergency  at a level easily payable every month.   The average person can literally save themselves hundreds of dollars a year by doing so.  

Frankly it wouldnt hurt for our educational system teach students why being conservative in your use of money is so important.  

Whether you believe it's stupid or not is completely irrelevant. Most people cannot pay off their cc every single month, and use it to get by when they need to. It's not even a matter of intelligence, I assure you.

Maybe you shouldn't buy what you can't afford then. And, I doubt it's most people.

So you would never have a mortgage for a home? Do you really think that most people pay for homes in cash up front?

StrangeDays said:

wizard69 said:

Soli said:

sirlance99 said:

hmlongco said:

sirlance99 said:

Standard isn’t always best when many cards have better rewards than 2%. Also, my standard purchases are extremely low compared to other categories. There’s practically nowhere that I purchase things that I can’t get at least 3% back and up to 5% on most things. 

Depends on how one defines "best", doesn't it? The Amazon Prime Store Card, for example, gives you 5% back... with a 28.24% annual APR.

Apple committed to a low (albeit unspecified) APR, with no fees, no late charges, and no penalties. Not to mention the not-so-minor fact that you get your rewards back daily as Apple Cash. Not at the end of the month, not when you redeem them. Daily.

Then there's the secure unique randomized card number per transaction. No number or signature to steal on the physical card. No tracking of purchases. No sales of transaction data.

I don't know about you, but there's a ton of value in privacy and security.

Fees and APRs don’t matter if you pay your balance in full. 

You realize that being able to pay off your cards every month isn’t the norm, right?

If you think the “norm” is being stupid then we have a problem.  By the way I learned this the hardway and have drastically changed my use of a credit card.    At this point I try to keep all card purchases beyond an emergency  at a level easily payable every month.   The average person can literally save themselves hundreds of dollars a year by doing so.  

Frankly it wouldnt hurt for our educational system teach students why being conservative in your use of money is so important.  

Whether you believe it's stupid or not is completely irrelevant. Most people cannot pay off their cc every single month, and use it to get by when they need to. It's not even a matter of intelligence, I assure you.

StrangeDays said:

6502 said:

fastasleep said:

6502 said:

hmlongco said:

sirlance99 said:

Standard isn’t always best when many cards have better rewards than 2%. Also, my standard purchases are extremely low compared to other categories. There’s practically nowhere that I purchase things that I can’t get at least 3% back and up to 5% on most things. 

Depends on how one defines "best", doesn't it? The Amazon Prime Store Card, for example, gives you 5% back... with a 28.24% annual APR.

Apple committed to a low (albeit unspecified) APR, with no fees, no late charges, and no penalties. Not to mention the not-so-minor fact that you get your rewards back daily as Apple Cash. Not at the end of the month, not when you redeem them. Daily.

Then there's the secure unique randomized card number per transaction. No number or signature to steal on the physical card. No tracking of purchases. No sales of transaction data.

I don't know about you, but there's a ton of value in privacy and security.

What am I going to do with that extra $1 a day, so many decisions to make.

At the end of the year, that’s a new Apple Watch. Just terrible!

Great, I'll put that $1 in my piggy bank everyday and at the end of the year, I'll treat myself to an apple watch I'll never use. My point was sirlance99 was so excited that he'll get his rewards daily and not monthly, like it matters.

Not using your Apple Watch is a deficiency on your end.