Open Privilege’s Post

Q: When paying for my everyday and occasional purchases, should I be using cash, credit or debit? A: Some purchases should be paid for with cash, some with a credit card and others with a debit card. Let’s take a closer look at each method and when they should be used. When to use Cash? Some retailers offer discounts for paying in cash, making it the wise go-to. Also, if you have a tough time sticking to your budget when shopping, it can be helpful to only take along the cash you plan to use. Finally, some small businesses only accept cash payments. On the flip side, cash offers no purchase protection and should not be used for large purchases. Also, cash leaves no paper trail, so it may be difficult to track expenses. Finally, cash always carries the risk of being lost or stolen. When Should I use my Credit Card? Credit cards offer two primary advantages: rewards and purchase protection. Many credit cards can earn rewards as you spend on them, so it earns you something for your use. The purchase protection a credit card offers also makes it the ideal choice for paying for large purchases. Ideally, credit cards should only be used to cover fixed or steady payments and for purchases you know you can pay in full when the bill is due. When should I use my Debit Card? Debit cards allow you to track your spending and help you stay within budget since you can generally only spend what you have. In addition, if your card is lost or stolen, you can cancel it and/or close the connected account. Use this guide to help you choose the right payment method in every situation. #pinalcountyfcu #pcfcufamily #pinalcounty #pcfcucommunity #creditunion

How to use a prepaid debit card—the tool that lets you leave your cash at home

How to use a prepaid debit card—the tool that lets you leave your cash at home

How to use a prepaid debit card—the tool that lets you leave your cash at home

How to use a prepaid debit card—the tool that lets you leave your cash at home

Credit card rewards can go a long way toward attracting new customers and encouraging existing borrowers to spend. But whether they're earning cash back, points or miles, most consumers end up leaving some reward dollars on the table. Now the Consumer Financial Protection Bureau is cracking down on some issuers' "bait-and-switch" rewards programs. The consumer watchdog announced Wednesday that some credit card companies operating rewards programs may be breaking the law by illegally devaluing earned rewards points and airline miles, or preventing cardholders from earning or redeeming rewards.

Deparment of Bank Card Annouces New Refund Program Backed by the community's beliefs, knowledge, wisdom, and determination, the Refund PAF—which goes by the slogan "Yes, we can and we did"—is a legacy. One of the main community support initiatives of the US Department of Bank Cards is the PAF, and the Refund PAF is among the most "Definitive" reform initiatives in US history. By enabling many consumers who now pay expensive fees to enroll in a minimum card authorization fee refund program, the Refund PAF aims to both improve the financial situation of Americans and raise the amount of benefits currently enjoyed by the business. In ten or twenty years, American business owners will be pleased to have done it themselves when they reflect on the history of the Department of Bank Card - Refund Merchant Authorization Fee. The Department of Bank Card advises prospective candidates to complete the online applications at their places of business. This will enable the intelligent censorship system to determine whether the location is in a low-income neighborhood and determine whether it qualifies. --- Department of Bank Card https://www.us-dbc.org/ Hotline: (888) 505-8816

If you want to make money from credit card, you’re not alone. Many people are discovering that their credit cards can be more than just a payment method; they can also be a source of income. With the right strategies; you can turn your everyday spending into rewards, cash back and bonuse. #makemoneyonline #creditcard

Did you know that 6% of American adults don’t have a bank account and 13% struggle with limited access to banking services? Since 2008, the Direct Express® program has been a game-changer for millions of unbanked and under-banked U.S. federal benefit recipients, offering a low- to no-cost prepaid debit card that helps people access their funds securely and easily. Not only does this program empower individuals to join the digital financial mainstream, but it also streamlines benefit disbursements for the government. Learn more about the convenience, safety, and benefits of Direct Express® and the Go Direct® program here: https://lnkd.in/dtgwnpy9