Re: YA bored Tommy Troll Thread (was ...)

On 4/16/25 11:17, Tom Elam wrote:

On 4/2/2025 3:33 PM, -hh wrote:

On 4/1/25 18:15, Tom Elam wrote:

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Hugh, there are bills like income taxes, property taxes and our electric bill that we pay with direct debit rather than a credit card. Why? The credit card service fees exceed the 2% cash back on my card. I always watch for those fees, but have not ever see a 10%.

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I don't believe that I've seen 10% before either, but now I have.
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However, a travel agency we use charges 5%. I send a check.

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Merely an illustration of attention to detail for each vendor.  As I've mentioned before, a goodly number of my local small merchants do have "cash discounts" (eg, CC surcharges) and they're greater than 2%.
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Of course for travel, there's also a risk trade-off here, as using a credit card offers some additional protections vs cash.
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During 2024 ...

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That's really your business.
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-hh
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  I never said that a credit card is ALWAYS the way to go.

Its what you implied when you said that you've never seen merchant signs for CC surcharges/Cash discounts ... and that's a claim that you repeat once again below:

There are many exceptions, and I cited some. However, for day-to-day payments my 2% card is the way to go, as is my 5%-back Target DEBIT card. Exceptions include paying taxes. I use direct debit for IRS and Indiana Dept. of Revenue for estimated taxes. Same for property taxes. No fee for these using direct debit, 3% or more for a credit card. Same for my utility bills.
 As for our small local businesses I do not think I have ever seen a sign for cash discount. Certainly not at chain stores.

See?

All that said, last year we earned about $1,500 on our 2% credit (and 5% at Target) rebate cards. I drove my Accord 15,600 miles on $1,070 of fuel (I have a Google Drive spreadsheet.) Our total gasoline cost was $1,660 (Quicken). So the rebates almost paid for our auto fuel.
 The $1,500 in rebates is about $30,000 in spending. Total spend was $185,000 give or take. 

Whereas the trip we've just returned from had a $954 savings from just from our accommodations being cash instead of CC, and is this year's example of the potential from just offering the cash alternative.

There were big chunks that were a credit card was not the best
way to pay, or the vendor required a check. Almost nothing was
cash. Well, the neighborhood cat sitter was about $1,000 because were were gone so much, was all cash.
 Cash for international travel is not advisable in most countries. It does come in handy for tips, taxi fares, etc. For most expenses I use credit cards not for the rebate but for fraud protection. If I need cash there is usually a bank ATM available.

The use of credit has been on a big upswing.  We've been doing that too, although we still like having 'starting cash' in small denominations (& coins) for international destinations for small incidentals...plus to use where credit card theft is a concern.
Likewise, there can be ATMs as an option as well - if there is one on the island (and its not out of service)!  These are considerations which aren't really germane to saving money from CC "cash back" features.
-hh