Credit cards

Scanlas The 2nd

Is it pure stupidity having a credit card?

With visa debit you can do nearly as much as you can with a credit card.

They seem to cAuse more trouble than they are worth, why not just use visa debit?

Giblet

Because people like to spend money they haven't got.

CardBordWindow

Giblet wrote: »

Because people like to spend money they haven't got.

It's the Celtic Tiger way!

Frank Black

I've twice received money back from my credit card issuer when items I've purchased on it have failed to materialise, because the companies I had bought from had gone ito liquidation - not sure if you receive this level of protection from a debit card or not?

sbsquarepants

The clue is in the name "credit" card
They are actually a great idea if you use them wisely.

AngryBollix

Sure get it and max the crap out of it

AngryBollix

sbsquarepants wrote: »

The clue is in the name "credit" card
They are actually a great idea if you use them wisely.

A bigger clue is in the "wisely" bit

Orando Broom

I got rid of my credit card before the bust. A lucky break. Credit card debt in Ireland is the elephant in the room for thousands of families. The rates of interest!! :eek: :eek: :eek: :eek:

Kurz

Credit cards allow you to spend money that you don't have yet. Visa debit isn't available in the two main Irish banks.

Proxy

It's a handy thing to have if you use it wisely. When I got my first one as a student I ran up a huge bill on it that took me months to clear. Since then it was a lesson well learned. If I put anything on it now I either try to pay it in a month or plan how to pay it in a couple months (like a holiday).

biko

sbsquarepants wrote: »

The clue is in the name "credit" card
They are actually a great idea if you use them wisely.

Kurz wrote: »

Credit cards allow you to spend money that you don't have yet.

Indeed, I don't think OP fully understands the distinction between the two systems.

sbsquarepants

AngryBollix wrote: »

A bigger clue is in the "wisely" bit

Ah, grasshopper - like so much in life, wisdom and self constraint, are the key.




Keys i've yet to master

AngryBollix

sbsquarepants wrote: »

Ah, grasshopper - like so much in life, wisdom and self constraint, are the key.




Keys i've yet to master

Therein lies the difficulty with credit cards

biko

Credit cards are great for business travel. I easily rack up a few thousand in travel expenses and there's no way I'd put that on my debit card.
Instead I use my credit card and when the company reimburses me I just pay the card company back.

Abi

biko wrote: »

Credit cards are great for business travel. I easily rack up a few thousand in travel expenses and there's no way I'd put that on my debit card.
Instead I use my credit card and when the company reimburses me I just pay the card company back.

In a situation like that ^ it's fine.


For those that don't need one for business, you're only spending money you don't have, which is not going to end well. I've a visa debit card which does everything a credit card can do - but with money that is mine. I never have owned a credit card, nor will I.

Fiona

I have a credit card and the limit is €500. I use it for paying my car tax every 3 months and the odd internet purchase.

El Horseboxo

I just treat my credit card like a debit card. I always go straight in and pay it off online. Have my limit set at a grand as the most I'd use it for is flights. Just convenience really rather than a rolling loan. I have a visa debit card too. Is that accepted as widely as a credit card is? Might be worth switching cards if it is.

Lord TSC

My "debit" card is one from AIB meaning its pretty much useless. It cant be used on nearly any websites outside a small selection of Irish ones.

I'd love a credit card; I am good with money and wouldnt use it for anything I wasnt going to pay off within a day or two. But no one will even talk to me about giving me one cause I was unemployed till recently and my current job as a teacher wont pay me in the summer and could be gone in September.

SEPT 23 1989

Never had one

Green Diesel

I've had a credit card for 10 years and never paid a cent interest on it.

Perfect for travel, keeping track of fuel purchases and online shopping.

Born to Die

Visa Debit are the great, I had credit cards that the bank just kept extending the credit limit on and I like a fool would use it. I cut them up and cleared them off. Never again.

I also had one for work which I always kept within the limits, I had to as I could have to travel at short notice and needed it.

krudler

right now I have more than I should on it but that'll have a huge chunk of it paid off come payday and I'm moving somewhere cheaper so that'll help, I'm tempted to just get rid of it once I clear it, have a visa debit card so dont need it anymore

ArmaniJeanss

Abi wrote: »

For those that don't need one for business, you're only spending money you don't have, which is not going to end well. I've a visa debit card which does everything a credit card can do - but with money that is mine. I never have owned a credit card, nor will I.

What sort of protection do you have if say you book a hotel with 1800hotels.com and they go bust or buy a sofa from sofaking and he closes before it's delivered?

With a credit card its trivially easy to get the money back.

pickarooney

I always keep a positive balance on mine. I essentially use my debit and credit cards in the same way. A lot of people just shouldn't be let near a credit card, let alone a bank loan.

Duiske

mrs crilly wrote: »

I have a credit card and the limit is €500. I use it for paying my car tax every 3 months and the odd internet purchase.

Use mine for the much the same, and its cleared by DD every month. Did notice last month though that my limit is €4,400. A €1,000 limit would be more than enough.

Nothingbetter2d

ah Credit Cards the plastic parasite

it slowly eats away at your wallet with those interest payments.

I don't understand what is "stupid" about them on its own

if you're bad with money/credit, then yes it would be

i have a couple and the balances are cleared each month, or second month
it's just a convenience, even though i have the visa debit as well

Firefox11

Nothingbetter2d wrote: »

ah Credit Cards the plastic parasite

it slowly eats away at your wallet with those interest payments.

Not if your not paying any.

Lord TSC

bluewolf wrote: »

I don't understand what is "stupid" about them on its own

if you're bad with money/credit, then yes it would be

i have a couple and the balances are cleared each month, or second month
it's just a convenience, even though i have the visa debit as well

I think some people would rather blame the temptation the cards offer for their woes rather than accept they are bad with money...

RachaelVO

Kurz wrote: »

Credit cards allow you to spend money that you don't have yet. Visa debit isn't available in the two main Irish banks.

There's loads options though, prepaid credit card is technically a debit card with a 16 digit number, dead handy, would rather use it than my Visa CC. No bills and it's just the way I like it!

RachaelVO

ArmaniJeanss wrote: »

What sort of protection do you have if say you book a hotel with 1800hotels.com and they go bust or buy a sofa from sofaking and he closes before it's delivered?

With a credit card its trivially easy to get the money back.

Yep that's the biggest drawback with using a debit card. I do tend to use my debit card more though, hate having extra bill coming in, I've enough of them!

Lord TSC

RachaelVO wrote: »

Kurz wrote: »

Credit cards allow you to spend money that you don't have yet. Visa debit isn't available in the two main Irish banks.

There's loads options though, prepaid credit card is technically a debit card with a 16 digit number, dead handy, would rather use it than my Visa CC. No bills and it's just the way I like it!

I looked into the prepay ones before but the extra charges seem a tad ridiculous one some of them. Didnt like the look of some which stuck on a huge chunk for ordering on sites from abroad...

Nothingbetter2d

RachaelVO wrote: »

Yep that's the biggest drawback with using a debit card. I do tend to use my debit card more though, hate having extra bill coming in, I've enough of them!

you are also entitled to a refund if u purchase items using a debit card and don't receive them this works for registered business in ireland, the business or banks (if the business has been put into administration) have to reinburse you.

buying online from abroad however may be a different story.

listermint

Abi wrote: »

In a situation like that ^ it's fine.


For those that don't need one for business, you're only spending money you don't have, which is not going to end well. I've a visa debit card which does everything a credit card can do - but with money that is mine. I never have owned a credit card, nor will I.

All rubbish, Your clearly bad with money if thats the case.


Give a credit card to a tool, you will get toolish things done with it.

(im not calling you a tool btw)

cynder

my washing machine broke Saturday went in first thing this morning and bought a new on on the c/c and will pay if off in 2 weeks, cant live without a washing machine for 2 weeks not when there are 5 of us depending on it.

charlietheminxx

I wouldn't trust myself with one.... but that's just a personal thing!

Capt'n Midnight

The government tax on them is designed to stifle e-commerce

can I avoid this if I get a foreign credit card or 3V or some such ?


credit cards are handy when buying over the interweb , particularly flights

Odats

I treat mine like a debit card put money on it once I spend on it. It is dead handy as I spend a good bit of time abroad and the Laser doesn't work.

I agree some people cannot manage them but like everything if used wisely they are a handy thing to have. I use it for booking flights, hotels and that and it comes in extremely handy in that regard.

TwoShedsJackson

pickarooney wrote: »

I always keep a positive balance on mine. I essentially use my debit and credit cards in the same way. A lot of people just shouldn't be let near a credit card, let alone a bank loan.

Make sure you don't lose the card (obviously good advice anyway ) but especially if you keep a positive balance on a credit card - the bank usually have in the small print that they are not liable for any credit balance on the card if it is lost or stolen.

ninebeanrows

Even though credit is the new taboo word, people have to realise credit is vital to a correctly functioning economy. Without credit, growth is impossible.

Fran1985

i cut mine up a few years ago cos i ran up a massive bill. But ya cant buy anything online without it. So got another one about 6 months ago. They straight up gave up a 1500 limit. Rang them up and told them to reduce that to 500 and now i just book hotels, or buy music on iTunes or stuff i don't need with it. But will always pay it off with online banking straight away.

Potential-Monke

Have a Visa Debit, nearly got a CC but thankfully this came in just in time (I am bad enough with money, but getting better!). They're extremely handy, and i'm nearly an internet shopper altogether now.

Looked at the PTSB site, and they say that they may be able to help recover the money, but doesn't go into detail...

LoopyL

If you need to hire a car, either here or abroad they wont take visa debit cards, only a credit card.

Micky Dolenz

Credit cards are great as long as you pay them back in full every month, which I do.

ixoy

Yes, because they're very handy for purchasing items online from any site as all sites would support the main credit cards. They also offer a fairly good degree of protection that debit cards may not.

I'm also capable of managing my money so it's paid off on time, without ever being charged interest. It's really not that difficult if you've got even a modicum of self control.

krudler

Teamshadowclan wrote: »

I think some people would rather blame the temptation the cards offer for their woes rather than accept they are bad with money...

This, I dont blame credit card because I owe money on it, I used it because I had to and it was easier, I used to be really good with it, paying off what I just bought instantly so there was never more than a few quid on it, now there's a chunk on it because i was paying stupid money in rent the past few months but that'll change soon.

Bad Panda

I'm at a loss to understand what people find 'stupid' or 'dangerous' about them.

If you think that, you should never be let near one anyway as clearly you've no common sense!

tunedout

say for example you have a credit card with €1000 limit and you have the €0 balance. now you want to buy a laptop for €1500. can you put €1000 on it and then have a temporarly limit of €2000 or iwll it just not work? do i need the bigger credit limit.

tunedout

tunedout wrote: »

say for example you have a credit card with €1000 limit and you have the €0 balance. now you want to buy a laptop for €1500. can you put €1000 on it and then have a temporarly limit of €2000 or iwll it just not work? do i need the bigger credit limit.

That will work fine. If the limit is 1000 and you want to buy a laptop for 1500 the just put 500 in it.

Run_to_da_hills

I am surprised that the issue of miss sold credit card PPI insurance has not been tackled in this country as it has been in the UK. Thousands have been ripped off in this country by the banks on this scam and nothing has been done by the governments / courts so far.

Logical Fallacy

bluewolf wrote: »

I don't understand what is "stupid" about them on its own

if you're bad with money/credit, then yes it would be

i have a couple and the balances are cleared each month, or second month
it's just a convenience, even though i have the visa debit as well

Agreed, I have a credit card, the balance is 0.00

Amazing that.