My primary credit card provides 2% cash back on all transactions. I use that for everything from gasoline to groceries, hotels, meals, shopping. One statement per month, one check to write, balance is paid off, no interest charges.

Usually about $14K to $15K per year. Contact the card company customer service department, take the $280 to $300 cash back and apply it to the next billing cycle.

Cash is for poker games at the club, beers on the club patio, tips for the bartender. Just the essentials, not the frivolous stuff most people waste money on.

quote:

Originally posted by joel9507:
I don't think cash will ever go away, and it is 'legal tender for all debts, public and private' as the printing on those Federal Reserve Notes indicates.

That said, I have a container I fill with loose change every night. Pre-COVID, it filled up every couple years. Now, it's been almost four years since I last emptied it and it's maybe 10% full.

I do the same. When they said there was a coin shortage I asked my bank if they had a counter Nope, too expensive. Been 7 or 8 years since I cashed them in. You should have seen her face when I told her I had over five thousand quarters. Rolled em up while a watching TV.
Nickels and dimes too.

quote:

Originally posted by smschulz:

quote:

Originally posted by tatortodd:
You live in crime ridden Houston and can't figure out why a business doesn't want cash?

Eliminating cash means the owner and their employees will likely never end up at gunpoint.
Cash businesses get robbed more.

You don't have to lecture me Houston, been here since 1976.

The gunpoint argument is a stupid argument.

It is also not why the vassssst majority of them that refuse do it - it is IMO, because they are only looking to their convivence and don't give a shit about the customer.
Now if you want to say the employees are too stupid to count out change - then you might have something.

To top it off credit card related theft is only going to get worse.

Who PAYS - we do.

Excellent points sm. My insurence company won't take cash. Let's see, I buy a debit card, it has a $8.00 monthly use charge, it's $2.00 to load on funds and, I get to drive to a Walgreens to do so. All at my expense of time, fuel and wear and tear on my car.

Speed, safety, simplicity, hygiene, accounting. There are plenty of good reasons not to accept cash.

There's no good reason to accept cards also but then charge a fee on top of it. You choose to accept that payment method and what goes along with it.

Using cash requires thinking. Cashiers can’t be bothered to count cash and deal with change.

Full video: https://www.youtube.com/watch?v=RG0zS_Rgg68

Our credit union just notified everyone they are going coinless. Guess this is a first step towards a cashless society.