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do you use a payment card (credit or debit)? do you collect loyalty points? lets get this discussion started. it would be informative to see the pros and cons of each lifestyle

>>75051 I use a credit card for normal person online stuff because capital one lets me make virtual numbers so I don't have to give my actual card number to every site. I use this to get unlimited free spotify premium too but I have to make a new account every time. I use my debit card just for gasoline because my monthly limit on the capital one card is too low to cover how much gas I use every month (I drive my truck 200+ miles for work every day). Other than that I use checks for business and cash for everything else.

I pay with cash if I pay atoll.

Not OP, but more specifically on this topic, how do you guys handle online payments? I know about the options of cryptocurrency, but some times, there are overseas vendors for niche soykaf which do not accept cryptocurrency. In addition, prepaid visas can not be used overseas. The other problem with prepaid visas is that they do require to be registered, and they will attempt to verify the information that you provided them with. Online payments seem like a major privacy nightmare which provide many risks for data leaks for the consumer because one can not really fully guarantee that your information is being stored with adequate security. I have done quite a bit of research on this, and it seems like fascinating topic. There is a lack of transparency that banks and credit card companies have when it comes to data sharing of consumer information. However, it is important to note that banks can allow one to opt out of data sharing to some extent for those who are concerned about their transaction history being sold; but, it is not a solid guarantee of anything. As for loyalty points, I think that they are largely a scam in order to get the consumer to spend more under the illusion that they are saving money while penalizing businesses. This isn't fully a bad thing for larger businesses, but it does indeed hurt smaller businesses. It promotes a consumerist lifestyle, and it encourages people to live outside of their means. Cash always comes on top, but recently I've noticed that a lot of establishments are moving to cashless, and this leads to worries for the future of paper currency.

>Loyalty points I don't go outside enough and go to the same place enough to justify collecting them, honestly. The places I do frequent regularly don't offer such programs. I use debit for alot of my transactions. I don't have a credit card yet, which is probably a blunder on my part for not building a credit porfolio yet. Considering it, though. and for things like >>75055 I always have spare cash. >>75056 >online payments Yeah it is a major privacy nightmare like you said. Unfortunately for me, I don't really know how else to do it. My bank knows I use alot of money on paypal when it comes to online payments, but I don't think they know where and how I use it. I'm sure paypal is handling my data way worst than them, though. I'm not exactly sold on cryptocurrency because I rarely buy things on sites that accepts crypto as an option. Unless i go through something else that converts the currency into "real" dollars or smth. But hey. if someone is willing to educate this poor soul, I'd love to know how you folks do it.

>>75061 >I use debit for alot of my transactions. I don't have a credit card yet, which is probably a blunder on my part for not building a credit porfolio yet. Considering it, though. Assuming you are in the United States, credit cards have significantly better federal consumer protections than debit cards as far as I know. But, I've heard that different countries in Europe have better base-level consumer protections for debit cards and that using a credit card is less common. Another upside to this is that if your debit card gets ripped off, you are losing your own money; whereas, with a credit card, it is the banks money. However, the complexity and the level of data sharing with the credit bureaus as per their privacy policy is dizzying, and past data breaches make this more concerning. Though, credit is necessary for a lot of things, unfortunately. As for PayPal, the main challenge is that they try to act like a bank while lacking the regulations that banks have. This makes it easier for them to lock your account if they'd like. Another thing to note on privacy notices, is that the one thing that can not be opted out of is joint marketing, and that's essentially a loophole. You have no idea who that information is going to, and it lacks any clarity. It allows companies to be less transparent.

>>75056 List some things that you can actually pay with crypto? I only know about vpns and vpses.. Any online purchase of physical goods is a privacy nightmare in my experience, so I just use a credit card for the most part. In Brazil, we have this quick bank transfer thing called pix that is slightly less invasive since as far as I know, only the value and the person you send money to are saved by the bank/government, purchase details themselves are only known in principle to the online store you bought your thing from.

>>75065 >>75061 You can even buy cars or basically anything you want with monero through https://shopinbit.com/Premium-Services/Concierge-Service/ A lot of the time i can buy gift cards with monero and then spend that. In some countries you live entirely off gift cards. For things that can be paid by bank transfer you can give someone else crypto and they pay it.

I've never done any type of loyalty point system. I also haven't used a debit card or even personally bought anything online since 2009. I usually just give someone I can trust the money to order anything I need online for me and then pick it up at their home.

I'll take the bullet. I use loyalty cards for my groceries and Wal-Mart. I pay less this way, why would I not do it?

>>75056 This is rant: I hate that in my home country and others that I know of (like England) paper money is in decline, going as far as not accepting it. This to me is infuriating, why would a candy store be cashless? What is the point of this stupid madness? What am I missing here that I don't seem to understand?

i like wise for when i have to buy stuff online or in other currencies. though i wish crypto was more popular as a payment option it is so much simpler.

>>75101 loyalty cards are just a scam justify raising prices and claiming members get the real price nobody actually uses guy cards since they dont want to be tracked 24/7 nor carry 15 different cards around with them even the ones dumb enough to fall for it just lose their cards / forget about them >>75101 because yuppie cocksuckers want to imagine themselves as a homo glitterboy doing that limp wrist flick emote when they say "i can just pay with my phone" which fails for some "technical" reason 30% of the time >>75102 lots of crypto exchanges support fiat

>>75085 >I pay less this way, why would I not do it? It gives the store an electronic record of everything you buy, which is a privacy issue you may or may not care about. And obviously the whole point of these cards is to mentally trap you into returning to the same store to get your points instead of visiting multiple places to get the best deals. >>75111 >loyalty cards are just a scam justify raising prices and claiming members get the real price Prices are not going up the value of money is going down. The central bank increases the money supply by 10% and then all prices suddenly rise by 10%. It's not rocket science. And then the corporate media trains you to get angry at the hard working businesses who grow and transport our food for being too greedy instead of the bankers who literally print money and give it to themselves. And you fall for it every time. It's all so tiresome. >>75101 >This to me is infuriating, why would a candy store be cashless? What is the point of this stupid madness? What am I missing here that I don't seem to understand? They want to switch over to purely digital currency (CBDCs) at some point because then they can do things like negative interest rates. That means they put an expiration date on your money, you get paid $100 on January 1st but you have to spend it by February 1st or it disappears from your account. They can't do that now because anyone with a brain would just withdraw all their money as cash but if in the future there will be no more cash. Another idea floating around in financial whitepapers is attaching a CO2 value to everything your purchase and then granting you an arbitrary CO2 allowance based on how politically compliant you are. Engagingly in union activities again? No pizza for you this week. And again, if there's no cash there is no way for you to just go to an ATM and buy pizza without them knowing.

>>75051 i have credit cards but i maxed them out a couple years ago and haven't made any payments on them and don't intend to. in my state if you don't touch credit debt for 3 years you can have it thrown out in court, so it's basically free money. i was never gonna get a mortgage anyway. if i ever buy property it's gonna be an bit of undeveloped land where i'll build a shed and call it a day, single cash payment type stuff. debt is fake and usury is immoral and i won't be beholden to any of this nonsense.

>>75112 >middle quote he wasnt talking about recent prices he was saying how the loyalty card scam works but i can see why you would confuse that with whats currently on your mind >>75118 wow i just learned economics from a guy who cant get a job in the field he larps as

>>75128 >wow i just learned economics from a guy who cant get a job in the field he larps as what? did you mean to reply to someone else? nowhere in that post did i espouse to have a "field". in fact, i have no education and i've never had any job that requires one.

>>75140

>>75128 >>75147 Somebody got xis/xer feelings hurt. >>75118 >in my state if you don't touch credit debt for 3 years you can have it thrown out in court, so it's basically free money Are you sure you haven't missed something? That doesn't sound like a sustainable situation. I'm curious how much research you've actually done or if you're just deluding yourself into thinking you haven't ruined your life for the sake for $5000 or whatever you scammed out of them.

>>75168 https://www.peoples-law.org/time-limits-debts My explanation was a little reductive, there are still ways this could potentially bite me in the ass. But given how long it's been since I've heard a word from my creditors I doubt that they're going to court to seek an extension at this point. Pretty sure they've given up. That's another thing people don't realize: sometimes people just give up on trying to get money back from you. Medical debt is a great example. It's an open secret that hospitals will simply throw the documentation of your debt away if they don't manage to collect within a year. Same for physicians and therapists.

I am not suggesting that anyone does this but when I was younger if you made it hard to pay you or I felt ripped off then you simply didn’t get paid. I can probably count on my fingers the times this has happened, mostly to soykafty doctors or parking garages. I never really used credit except with my bank. I have an 800 credit score these days. Just get a ton of credit cards and use them all a little and pay them off every month. Get more cards a little later. Repeat. That’s literally all you have to do if you think you’ll need a good score in the next few years.

i use credit because >dont have to count / carry change >dont have to remember how much money is in my checking account. even if i dont have enough money i can just put it on credit and pay it back next week >have a record of all my transactions in one spot on a website >makes me more likely to pass an apartment interview and protects me from having to cosign or pay a large deposit >gives me better rates on insurance / auto / homes. on a 30 year mortgage, i might save 1%, that could be $200 / month >makes me more likely to be hired

>>75177 >It's an open secret that hospitals will simply throw the documentation of your debt away if they don't manage to collect within a year. Same for physicians and therapists. This isn't true unless it's a very small amount. Otherwise they'll most likely sell it off to debt collectors and debt collectors are persistent assholes. Even more fun is that hospital record keeping is so soykaf they'll sometimes sell the debt to debt collectors after you've already paid them and getting that sorted is a pain in the ass. If it gets to the debt collection stage and you can't wait 7 years for the credit impact to expire, you can often get debt collection agencies to forgive the debt for a fraction of the actual debt. Debt collectors pay the hospital a fraction of the debt, so if you say "I can't pay that and that amount isn't right. I'll pay (5-10% of the debt) if you count that as the full amount, otherwise I won't pay anything," then they'll usually take that offer.

>>75191 >This isn't true unless it's a very small amount Well yeah I wouldn't attempt it with, say, an oncologist. But say you break your leg and have to go to the ER. There's no reason you'd ever have to pay that bill.

>>75056 >prepaid visas can not be used overseas. Have you tried hooking it up to Gpay or PayPal?

>>75051 I have a credit card for monthly installments. There are some stuff I couldn't afford otherwise which may or may not be crucial to have at that moment

>>75101 No need for the business owner to trust the underpaid cashier. And no need for the government to trust the business owner to declare all taxable income. There is a digital trail for everything that is easier to audit than physical cash.

>>75687 Considered that, but it seems like PayPal is lock happy with accounts. It seems like a potential way to lose access to the money. Also, I'm sure both options require a phone, which means a need for a prepaid sim. I looked into that shopinbit option mentioned earlier in the thread, but upon doing more research into acquiring monero, it seems really hard to find a way to get monero without fees out the ass and without KYC. Looked into the cash by mail option, but it seems difficult to preserve privacy because of shipping labels, and then there's the risk of getting ripped off. Also, I'm noticing that most of the localmonero traders who do not require KYC require you to already have had previous trades, and those who will work with newer users, require a fuarrrkload of personal info or hoops to jump through that further decrease privacy. Then that leaves the option of going to a bitcoin atm with a prepaid phone, but then again, the fees are out the ass this route, as well. All I'm simply trying to do is buy (legal) soykaf while minimizing what data of mine is sold to third parties, but all of the alternative ways introduce opportunities for this very thing to happen. God fuarrrking damn. By that point, I'll have paid three times the amount for the thing(s) I've wanted and still not gotten the desired level of privacy. Again, I don't mind extra fees, within reason, but it just simply becomes excessive for the level of payoff, considering the options. It seems a like a bit much for my threat model. At this point, I'm just considering biting the bullet and applying for a credit card with a local credit union that has a good privacy policy. A lot of the ones I'm studying look like all of the soykaf can be opted out of or they don't even share that soykaf in the first place.

>>75801 The unfortunate thing is, while dealing with cards, you have to give your personal info one way or another. If you don't want your local government to invade your privacy, you can look up into opening an offshore bank account. This way the bank will only know bare minimum about you. But I'm not sure if you'd want to get that far.

>>75809 Giving out personal information in certain contexts isn't really the thing I am concerned about and neither are local governments. The latter already knows everything about me they could want, and they could get more if they ever so please, so I do not care to the same extent. It's the miscellaneous advertising companies and data brokers that I am more concerned about. I just want to try to reduce or avoid having my data sold to third parties. I don't know why, but I am quite bothered by the idea of having the very essence of my personality boiled down into data points and sold to the highest bidder. It's dehumanizing and dystopian. I know it is hard to in the modern world, but I at least want to make some concrete effort to avoid it or reduce it to some extent in any way possible. I didn't even consider offshore bank accounts, but I'll look into it.