OT - Best Business Credit Card?

Rachel wrote:

Excuse me? I don't float checks and never have. What is your real issue?

I expect he means the exchange rate. If you use a credit card instead of a debit
card and the exchange rate changes in your favor while the charge is processed,
you get a break. That's not true of debit cards. Of course, if the exchange rate
changes the other way, the credit card costs you extra.

IMO, the float is not worth considering in this situation.

George Patterson
Coffee is only a way of stealing time that should by rights belong to
your slightly older self.

George wrote:
IMO, the float is not worth considering in this situation.

Second time I was in Thailand, wifey 'n I charged up a storm, hotels,
food, gifts, nicknack...etc.. I was expecting to come home to see a
bill of around $6k or so. Turned out the exchange rate was in our
favor like you said, George. The bill was about 5 and a half k. We
figured we saved about four -five hundred bucks over if we'd spent all
in cash.

The Monk

Cal Vanize wrote:
snip
If you only knew the meaning of float....

I know what float means. Frankly, your criticism of my banking habits
is uncalled for and pretty pointless. Go hound someone that actually
has credit problems and financial difficulties.

Cal Vanize wrote:

snip

Money management:

You can float purchases on credit cards until the monthly bill comes
due. Then it can be paid in full for all the previous month's purchases
even if the purchases might have been actually made over a month ago
(depending on a cardholder's "float management" and the closing date of
the billing cycle). Pay the bill in full on time and there's no
interest, monthly minimum, extra monthly fees. The banks take advantage
of those that are careless or delinquent. Pilots, by need, tend to be
very organized and should never experience this problem.

A "debit" transaction is a withdrawl from a deposit account (usually
savings or checking) and immediately pays for the transaction removing
your ability to use your money. There is absolutely no advantage to a
debit card over a cash transaction except that you don't have to carry
around cash or that you can use it on the internet (never use your PIN
on the internet).

Fraud / disputes:

In the event of fraud against your credit account, its just a matter of
disputing a transaction and its removed from your bill until the dispute
is resolved. You're not required to pay for it unless the dispute
settlement rules in favor of the merchant. It then becomes the BANK's
money involved in dispute resolution.

If there's fraud against your debit account, YOUR money is already gone
and YOU have to fight to get it back (regardless of what the
advertisements say). The dispute is over YOUR money that needs to be
REPLENISHED. You've lost control over your funds, somebody else got
their hands on YOUR money. On a PIN-based transaction verified by the
card issuer, the issuer is responsible (read "the cardholder is
liable"). There are a few exceptions, but this is generally the way it is.


That's the rules of the business (and the Fed) regardless of whether its
Visa, MasterCard, Citi, Bank of America, or Mom and Dad's State Bank and
Deluxe Chinese Buffet Catering and Vetenrary Service.

And your point is? I dislike credit cards. I see no reason to buy
something that you can't afford at that point in time. I use a debit
card and American Express card (which is NOT a credit card). I know
exactly what I'm doing. What's it to you? No one made you the educator
of the masses (especially when the masses already know about finances).

"George Patterson" wrote in message
news:PDWAf.2692$Jn1.719@trndny01...
Gerry Caron wrote:

My wife got a USAA credit card back when we were dating and she had no
affiliation.

Got a link? "Ask Jeeves" gave me garbage.


www.usaa.com

Credit card services: 1-800-922-9092

Gerry

Rachel wrote:
No one made you the educator
of the masses (especially when the masses already know about finances).

Actually they did. Its my job to explain money management and educate
those who could do more with what they have. "The masses" as you refer
to them, have very little understanding of what's going on and get
themselves in troube all the time.

Cal Vanize wrote:


Rachel wrote:

No one made you the educator of the masses (especially when the masses
already know about finances).


Actually they did. Its my job to explain money management and educate
those who could do more with what they have. "The masses" as you refer
to them, have very little understanding of what's going on and get
themselves in troube all the time.

Really. I don't know anyone who has.

Rachel wrote:

Cal Vanize wrote:



Rachel wrote:

No one made you the educator of the masses (especially when the
masses already know about finances).



Actually they did. Its my job to explain money management and educate
those who could do more with what they have. "The masses" as you
refer to them, have very little understanding of what's going on and
get themselves in troube all the time.


Really. I don't know anyone who has.

And you cruise a river in northern Africa.

Buh bye.

Cal Vanize wrote:


Rachel wrote:

Cal Vanize wrote:



Rachel wrote:

No one made you the educator of the masses (especially when the
masses already know about finances).




Actually they did. Its my job to explain money management and
educate those who could do more with what they have. "The masses" as
you refer to them, have very little understanding of what's going on
and get themselves in troube all the time.



Really. I don't know anyone who has.


And you cruise a river in northern Africa.

Buh bye.

No, I simply choose to surround myself with a certain type of people.
Sorry you can't undestand that some of us have standards.

Actually they did. Its my job to explain money management and educate
those who could do more with what they have. "The masses" as you refer
to them, have very little understanding of what's going on and get
themselves in troube all the time.

Really. I don't know anyone who has.

And you cruise a river in northern Africa.

No, I simply choose to surround myself with a certain type of people.
Sorry you can't undestand that some of us have standards.

Having sat on the board of directors of a credit union, and being in the
daily business of pre-authorizing people's credit cards (that's what we do
when we take your reservation), I can tell you without a doubt that credit
cards should be illegal. They are like crack cocaine to many people, and a
lot of people are getting hurt because of them. You simply would not
believe the level of debt many people carry. And it's often people you
would NEVER guess to be near bankrupt.

However, since they *are* legal, and since I, too, pay mine bill off each
month, I'm in the hunt for one that pays better rewards.

What, is a "USAA Visa" card?
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"