Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.




21 posts

Geek


# 181033 29-Sep-2015 21:51
Send private message

Howdy,

Some stores dont accept credit cards, I'm guessing due to transaction fees they'd incur. Is it any different if you use a visa debit card? I'm guessing not...?
I  recently got a credit card and am wondering if there's any use in having the visa debit card still.


View this topic in a long page with up to 500 replies per page Create new topic
 1 | 2 | 3
677 posts

Ultimate Geek

Trusted

  # 1396932 29-Sep-2015 21:54
Send private message

If they do not accept Credit Cards then the Visa Debit card will work but only functioning as an EFTPOS card.

Stu

Hammered
5300 posts

Uber Geek

Moderator
Trusted
Lifetime subscriber

  # 1396933 29-Sep-2015 21:55
Send private message

Debit cards just work as an EFTPOS card in the machines. You select cheque account and you're all good. Don't select credit card, as they aren't one.




Keep calm, and carry on posting.

 

 

 

Click to see full size Click to see full size


 
 
 
 


5521 posts

Uber Geek

Trusted
Subscriber

  # 1396939 29-Sep-2015 22:02
Send private message

canaletto: Howdy,

Some stores dont accept credit cards, I'm guessing due to transaction fees they'd incur. Is it any different if you use a visa debit card? I'm guessing not...?
I  recently got a credit card and am wondering if there's any use in having the visa debit card still.


VISA debit is the best. It's basically your bank account. 

Credit cards are loaded with additional charges and fees. Not sure why anyone actually uses them unless they need to borrow the money.

I recently went overseas and I did use a credit card....but I put a $15,000 credit balance on the card so that by the time I got home I still hadn't borrowed a penny. That's the only way 'credit' cards make any sense at all......as you can't use the EFT-POS function outside NZ.  






____________________________________________________
If you order a Tesla, use my referral code to get free stuff. 

 

My Tesla referral code: https://ts.la/steve52356


8947 posts

Uber Geek

Lifetime subscriber

  # 1396942 29-Sep-2015 22:06
10 people support this post
Send private message

Linuxluver:
Credit cards are loaded with additional charges and fees. Not sure why anyone actually uses them unless they need to borrow the money.



because you can negotiate out of the fees, or get cooperate discounts which kick the fees to the curb so you pay nothing on them.

then you get 50-55 days interest free money

if you pay the money back on time it doesnt cost you a cent.

+ you can get air points/cash back rewards etc

5521 posts

Uber Geek

Trusted
Subscriber

  # 1396944 29-Sep-2015 22:09
Send private message

Jase2985:
Linuxluver:
Credit cards are loaded with additional charges and fees. Not sure why anyone actually uses them unless they need to borrow the money.



because you can negotiate out of the fees, or get cooperate discounts which kick the fees to the curb so you pay nothing on them.

then you get 50-55 days interest free money

if you pay the money back on time it doesnt cost you a cent.

+ you can get air points/cash back rewards etc


Fair enough. I'm not disciplined enough to keep my cc payment in an interest-bearing account while the 555 days tick onward. :-)  

Air points....yeah. That works. :-)  




____________________________________________________
If you order a Tesla, use my referral code to get free stuff. 

 

My Tesla referral code: https://ts.la/steve52356


2514 posts

Uber Geek
Inactive user


  # 1397013 30-Sep-2015 06:35
Send private message

Linuxluver:
Jase2985:
Linuxluver:
Credit cards are loaded with additional charges and fees. Not sure why anyone actually uses them unless they need to borrow the money.



because you can negotiate out of the fees, or get cooperate discounts which kick the fees to the curb so you pay nothing on them.

then you get 50-55 days interest free money

if you pay the money back on time it doesnt cost you a cent.

+ you can get air points/cash back rewards etc


Fair enough. I'm not disciplined enough to keep my cc payment in an interest-bearing account while the 555 days tick onward. :-)  

Air points....yeah. That works. :-)  


Says the man who had $15,000 to put a credit card into credit!

 
 
 
 


70 posts

Master Geek


  # 1397056 30-Sep-2015 08:46
2 people support this post
Send private message

Linuxluver:
Credit cards are loaded with additional charges and fees. Not sure why anyone actually uses them unless they need to borrow the money.


Because things like reward points / cashback are worth far more then the fees.

You spend your money on the stuff you usually would, and you get point to get free stuff with. Why wouldn't you use a credit card?




4210 posts

Uber Geek

Subscriber

  # 1397096 30-Sep-2015 09:39
Send private message

Michaelfjs:
Linuxluver:
Credit cards are loaded with additional charges and fees. Not sure why anyone actually uses them unless they need to borrow the money.


Because things like reward points / cashback are worth far more then the fees.

You spend your money on the stuff you usually would, and you get point to get free stuff with. Why wouldn't you use a credit card?


Because, like a loaded gun, they're dangerous things in the wrong hands! While we make a damn good 'profit' off our credit card (stick all purchases on it but only purchase something if we already have the money saved, have discounted fees, earn interest off the money which will be used to pay it off, pay it off in full, get airpoints...), it does require a certain level of discipline and care.

Some just can't be bothered with this, while there are others who when they get a credit card are like a kid in a lolly shop and will spend up large on such credit. Of course, they're the type of customers banks want to have credit cards as they'll be the ones paying the farcially high levels of interest on their purchases (if not cash advances).

4544 posts

Uber Geek

Trusted
Lifetime subscriber

  # 1397116 30-Sep-2015 09:54
Send private message

Linuxluver: 

Credit cards are loaded with additional charges and fees. Not sure why anyone actually uses them unless they need to borrow the money.


International air lounge passes and hotpoints!

I don't bother with air points as I don't fly second rate airline.





2092 posts

Uber Geek


  # 1397154 30-Sep-2015 10:45
One person supports this post
Send private message

Jase2985:
Linuxluver:
Credit cards are loaded with additional charges and fees. Not sure why anyone actually uses them unless they need to borrow the money.



because you can negotiate out of the fees, or get cooperate discounts which kick the fees to the curb so you pay nothing on them.

then you get 50-55 days interest free money

if you pay the money back on time it doesnt cost you a cent.

+ you can get air points/cash back rewards etc


Pretty much this - everything that can goes on our credit card - it is all paid off every month and we get True Rewards dollars. We have cash sitting in other accounts too.

VISA is accepted pretty much everywhere - bonus stuff like their travel insurance (with caveats), access to buy tickets early.

It is also a great oh crap fund in case of something major that you weren't expecting.

If you pay them off in full every month they are great - if you don't they are an endless hole of misery and despair. This needs to be drummed into people's heads when they apply for one. 25k at the horrific interest banks charge is not easy to get out of.

2325 posts

Uber Geek

Subscriber

  # 1397156 30-Sep-2015 10:47
Send private message

Jase2985: because you can negotiate out of the fees, or get cooperate discounts which kick the fees to the curb so you pay nothing on them.


I must say I've found ANZ very inflexible with waving their fees on the Airpoints Visa Platinum. Even with having all my banking inc a mortgage with them. 

8947 posts

Uber Geek

Lifetime subscriber

  # 1397261 30-Sep-2015 11:54
Send private message

lxsw20:
Jase2985: because you can negotiate out of the fees, or get cooperate discounts which kick the fees to the curb so you pay nothing on them.


I must say I've found ANZ very inflexible with waving their fees on the Airpoints Visa Platinum. Even with having all my banking inc a mortgage with them. 


im in the second boat, cooperate discount. so no fees on any account and discounted interest rates.

2325 posts

Uber Geek

Subscriber

  # 1397265 30-Sep-2015 11:57
Send private message

Yeah I don't care about the interest rate, I'm never silly enough to leave something on their long enough, but the $150 a year is a bit sharp. I got the first year free but after that they don't want to know. Think it's time to change cards. 

8947 posts

Uber Geek

Lifetime subscriber

  # 1397266 30-Sep-2015 11:59
Send private message

i dont care about the interest rate either, but then it applies to mortgage rates its pretty good :)

 1 | 2 | 3
View this topic in a long page with up to 500 replies per page Create new topic



Twitter and LinkedIn »



Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Samsung Galaxy Fold now available in New Zealand
Posted 6-Dec-2019 00:01


NZ company oDocs awarded US$ 100,000 Dubai World Expo grant
Posted 5-Dec-2019 16:00


New Zealand Rugby Selects AWS-Powered Analytics for Deeper Game Insights
Posted 5-Dec-2019 11:33


IMAGR and Farro bring checkout-less supermarket shopping to New Zealand
Posted 5-Dec-2019 09:07


Wellington Airport becomes first 5G connected airport in the country
Posted 3-Dec-2019 08:42


MetService secures Al Jazeera as a new weather client
Posted 28-Nov-2019 09:40


NZ a top 10 connected nation with stage one of ultra-fast broadband roll-out completed
Posted 24-Nov-2019 14:15


Microsoft Translator understands te reo Māori
Posted 22-Nov-2019 08:46


Chorus to launch Hyperfibre service
Posted 18-Nov-2019 15:00


Microsoft launches first Experience Center worldwide for Asia Pacific in Singapore
Posted 13-Nov-2019 13:08


Disney+ comes to LG Smart TVs
Posted 13-Nov-2019 12:55


Spark launches new wireless broadband "Unplan Metro"
Posted 11-Nov-2019 08:19


Malwarebytes overhauls flagship product with new UI, faster engine and lighter footprint
Posted 6-Nov-2019 11:48


CarbonClick launches into Digital Marketplaces
Posted 6-Nov-2019 11:42


Kordia offers Microsoft Azure Peering Service
Posted 6-Nov-2019 11:41



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.