Soldato
- Joined
- 23 Feb 2009
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- 4,988
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- South Wirral
Couldn't resist as if my memory is correct you are a retired black cabbie and I see I was correct in my geographical guess
Hotel payment
- Thread starter Jean-F
- Start date
Couldn't resist as if my memory is correct you are a retired black cabbie and I see I was correct in my geographical guess
If life in debt is ok for you, then go for it. I have a CC too but try to use it extremely rarely and only when there is no another choice.
Have no idea what you mean with consumer protection. The only thing that I know about CC is that I pay very high interests and taxes for using it.
If life in debt is ok for you, then go for it. I have a CC too but try to use it extremely rarely and only when there is no another choice.
Have no idea what you mean with consumer protection. The only thing that I know about CC is that I pay very high interests and taxes for using it.
Then you're using it wrong. I use mine to buy things online and then pay the balance off. Here's a link to the protection you're currently missing out on: https://www.moneysupermarket.com/credit-cards/guide-to-credit-card-protection/
Have to agree with this, CCs are a convenience, I’ve never paid one thin dime in interest.
I use a Debit Card mostly, but I’ll use the CC on some visits to the U.S.
At the end of the vacation, or end of the month, I go online to see what I owe, then transfer that amount in full to the card issuer.
This isn't a true consumer protection. How would you buy something with a credit card if that something gets broken very soon?
Can't see a way that it is legally possible.
In similar way, when one buys a new home, loses their income sources, and then loses their new home because they can't pay the monthly fees.
If you're paying monthly payments and interest on a credit card because you've racked up debt that's just because you can't figure out how to use a credit card like a normal person. Anyone with half a brain cell won't be 'living life in debt', nor worrying about ongoing monthly payments, nor paying a penny in interest.
Spot on, I use my credit card regularly and never pay a penny in interest.
Associate
- Joined
- 20 Mar 2014
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- 2,362
I don't have a credit card, I think a cash deposit is a fair idea.
Soldato
- Joined
- 21 Oct 2011
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- 22,655
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- ST4
I don't understand this. I, like many other people, don't have a credit card and yet manage just fine.
How?
By taking small amounts and returning in the defined time frame?
What would happen if an urgent expense appears and you can't return it in time?
Caporegime
- Joined
- 20 Oct 2002
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- 78,376
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- Wish i was in a Ramen Shop Counter
You pay it off when the bill comes.
When an urgent expense comes is especially when a credit card is useful….something you can't plan for and if you had to pay interest then so be it, or you would be wise enough to have enough savings for any urgent expense…..no matter how big.
And you NEVER withdraw cash from a credit card. That is like a cardinal sin.
Caporegime
- Joined
- 20 Oct 2002
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- 78,376
- Location
- Wish i was in a Ramen Shop Counter
Then you are what credit card company wants because they are making money from you. If you have the spending power, you can use the credit card to save money from points, air miles to even cash back. If you are paying it off every month and never give them interest and getting perks in return then you are making money from them. Not the other way round.
I just use my credit card for my normal day to day spending, earn cashback on it, pay it off every month in full. I don't buy anything I couldn't have bought with a debit card.
It's especially useful for fuel as it helps defer the cost landing in my current account in line with when my expenses will get paid, so a larger than average fuel bill one month, will be getting paid out of the larger than average expenses payment, not the one before.
Soldato
- Joined
- 12 Sep 2012
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- 11,704
- Location
- Surrey
Then a credit card is not the problem, it is your income. If you didnt have a credit card, you simply could not afford this extra expense and would have to get a loan to cover it. Not much different as things go there.
Fact is, if you use a credit card correctly, it is a convenience and should not cost you anything in interest.
How much cash deposit is fair?
Enough to cover the minibar?
A lamp, the TV, mattress, window or a day or two worth of business in case they cannot get the room prepared for the next guy?
It is totally understandable to only accept a debit/credit card and if i ran my own hotel - i would have a similar policy.
Please, don't make it personal against me. I am not speaking about myself.
I meant most of the population East of the German-Polish border in Europe.
Soldato
- Joined
- 12 Sep 2012
- Posts
- 11,704
- Location
- Surrey
It was not a personal attack, merely a statement of facts.
Credit cards make money from interest. Using it as a loan when there are cheaper and lower interest alternatives is what is the issue, not the fact that credit cards exist.
Credit cards these days come with a plethora of benefits if people pay it back on time. Reward points, air miles, cash back on certain purchases or even long term no interest periods. If these benefits are being outweighed by the interest you pay on late payments, then you need to ask yourself if using the card over a cheaper loan was worth it.
Credit cards make money from interest. Using it as a loan when there are cheaper and lower interest alternatives is what is the issue, not the fact that credit cards exist.
Credit cards these days come with a plethora of benefits if people pay it back on time. Reward points, air miles, cash back on certain purchases or even long term no interest periods. If these benefits are being outweighed by the interest you pay on late payments, then you need to ask yourself if using the card over a cheaper loan was worth it.
Same for a lot of things when it comes to security cover. Hotels/cruise ship Holidays, hire vehicles etc.
Dont think it specifically has to be a credit card though for those hung up on debating that.
Normally its just a pre-auth that drops off the account after x days.
Dont think it specifically has to be a credit card though for those hung up on debating that.
Normally its just a pre-auth that drops off the account after x days.