Comments on: If Cash is King, I Want It Dethroned

By: Mrs. Accountability

Mrs. Accountability — Tue, 24 Nov 2009 13:35:19 +0000

Single Ma, just for your future reference, I wanted to say that more than once I haven’t had my same credit card with me, and customer service at the store told me it didn’t matter which card the refund goes back onto. One time the card I’d used to purchase I’d had to close the numbers on the card, for some security reason (forget what). The store didn’t want to give me cash back, and said I could just use any card. Also congrats on Baby Girl going to college! That’s awesome. You two rock!

By: SincerelyGo

SincerelyGo — Thu, 19 Nov 2009 04:57:56 +0000

“Debt is dumb… Cash is king .and the paid off home mortgage has taken the place of the BMW as the status symbol of choice”…I love Dave Ramsey….and that’s the first thing that came to mind when I read the post!

By: Krista

Krista — Sat, 14 Nov 2009 18:28:38 +0000

The only time I have had a hold put on my debit card was when using it to book a hotel room, and that was years ago. Have booked many hotel rooms since with no hold.

I have the same experience as JP with using my debit at the gas station. If I run it as a credit card, one of my banks holds $1, the other holds nothing. If I run it as a debit, the amount is automatically deducted from my account.

Also, check with your bank because any purchase made with my debit card is offered the same protection as a purchase made with a credit card.

By: ames

ames — Fri, 13 Nov 2009 21:37:10 +0000

I like to keep $20 in the trunk and $20 in in the console. On the times I run out of cash there is always something in case of an emergency. I just have to decide if its really an emergency.

By: Lulu

Lulu — Fri, 13 Nov 2009 21:21:06 +0000

I am the credit (almost) only one here who hates cash I guess. The only reason I still use a small amount of cash is because I need to use quarters to laundry in my apartment. Apart from that…..credit cards RULE.

I pay off my cards in full and earn cash back and rarely have to touch money. I worked at a bank (and then in retail and then in a low end restaurant) and I have an insane dislike for touching money.

Over the summer I traveled out of the country and was ‘forced’ to use cash only and I almost lost my mind. LOL

All the best to you and all the others who are cash only…I applaud you.