We "Deadbeats" are in danger!

Hi there Dragon Lady. I have a debit card and i have 0 fees because i am a student. I have a 9% interest at the moment so most likely i would kill any credit cards (if i had any) if they suddenly decided to charge me for their services.

I don't pay fees and I don't pay interest. If a card has an annual fee, I don't use it. If they charge interest - no grace period - I don't use it. At one point in my life I had to pay fees and interest, but that's a thing of the past. I also only use credit cards that pay cash back rewards - none of this saving up points to buy a sleeping bag... If my card starting charging me a fee, I'd probably use it if the fee was less than what I was getting in cash back rewards. Last year my cash back rewards was over $400, and so far this year I'm over $200. We put EVERYTHING on the card to get the cash back, then pay it off at the end of the month. I don't know why you couldn't use your debit card for travel though... Most places take it just like a credit card. And you can tell them "credit" so you don't have to put in your PIN or pay a transaction fee. I doubt if 2 of my credit cards will charge a fee, I have them through credit unions. My other one, a Discover card may start charging, but then I'll just use my other cards.

I have a cash back bank credit card and a points Store Mastercard and I do not have to pay any fees. But then I live in Canada. the trouble is that Mastercard and Visa are international and I do not know when they will do this. I guess that will mean using my debit card, but what will happen if they decide to charge an annual fee for debit cards as well? Will we go back to carrying cash and checks in our purses and risk getting konked on the head by robbers? I guess our idea of deadbeat and the credit cards idea are miles off in right field.

i should take all of the useless card throw out. we often think a lot about that. and not just waste our money also waste our a lot of energy to think about that. and it lead our mood to bad .

I am with you on that one. we pay off our credit cards every month and will be faced with this dilemma as well. I guess we will stop using our credit cards for as much as we do, we pay for all our groceries etc, heck I never have cash, I just use one credit card all the time and nothing else. It is easier for us to manage our money that way, but if they are going to charge me 50 to 100 a year to do that then I will come up with something other way to pay for things.

I am too is a deadbeat, I pay my balances full in each month. But here in the Philippines, all credit cards have annual fees. It would be nice if we don't have to pay the annual fees but sadly we do pay annual fees here. Sometimes, I will just call my credit card company and ask them to waive my fees.

i only use my banking card to pay for travel, tickets and everything. In general I prefer to use cash, because this way I spend less. For bigger purchase I use my banking card and it is accepted everywhere....

Credit cards were created by satin ( Loki or whatever evil trickster god you subscribe to ) I tell you. I got rid of mine & will never have another. A debt card works well enough.

Since my credit is horrible, I am stuck with a card that has a high interest rate and a 50.00 a year annual fee. When they sent me the card, it had a 250.00 credit limit but only 70 was available after all of the fees that they took out, but it is all I can get with my credit. I am going to try to keep all of my payments on time and use it to better my credit rating.

I've never believed in credit cards because the word truly scares me: credit. It means more money out than money in.. But just in case I'm in the kind of situation you have depicted, I would rather dump all the cards than pay the fees. But that's just me. I think there are some people using credit cards because they need to dine with clients and stuff like that and they know how to keep their spending at a minimal. But I feel that annual fees are really real bummer.

We are only down to one card for the family, and one card for my business. I would be very upset if I had to pay a monthly fee, because I know that even though we pay the card off every month the credit card company still gets paid a percentage of everything I purchase using it. They are still making money off of people like us. They don't need to charge us an annual fee that is terrible. I would be very upset if I had to pay an annual fee for my business card because that is another expense to my small business and I already have enough expenses. Bad enough the postal rates just went up. I can't believe with all the people in debt and with the interest rates that the credit card companies are not already raking it in.

that is horrible. It is like punishing you for being a good consumer and paying your bills and what not. I don't like that idea at all. I wouldn't want to pay an annual fee either, that's just rediculous (sp).

I pay a small annual fee on my most used card so I get twice the Airmiles so I'm willing to pay that but I would cancel all my other cards. I really only need the one. I was waiting for this to happen actually, it does make sense from their point of view. Oh well, I'm still happy to be a "deadbeat"!