Should I get a Credit Card?

[adnj]

Credit cards have $0.00 charge at merchants unless at another bank ATM alongside 3% cash advance fees.

Debit cards carry a $0.75 charge per transaction so technically u pay more using a debit card

Seeing too much misinformation spreading here. Someone should update page 1 with actual information

Timelapse is correct tho. What you posted is only half the story.

Debit cards charge both the merchant and the consumer a fixed cost (usually totalling about a dollar per transaction). These can be substantial if we are moving to fully cashless where persons have to make several transactions a day - everything from buying doubles to paying the maxi taxi tout incurs a fee.

Credit cards only charge the merchant, but the charge is based on a percentage of the transaction (usually 3% to 5% depending on the card and the "points"/"cashback" given to the owner). Timelapses postulated that if these 3% to 5% payment fees becomes the norm, prices generally would raise to cover the additional transaction cost and thereby drive inflation.

The bank's merchant agreement specifically says that these fees must never be mentioned anywhere. This sounds anti-competitive because it is -- there is no mechanism to drive those costs down.

The payment processor naturally falls into monopolistic position to extract rents from the economy as a whole. The nature of these hidden agreements restrict competition and entrench the monopoly.

https://www.justice.gov/opa/pr/justice- ... it-markets

“We allege that Visa has unlawfully amassed the power to extract fees that far exceed what it could charge in a competitive market,” said Attorney General Merrick B. Garland. “Merchants and banks pass along those costs to consumers, either by raising prices or reducing quality or service. As a result, Visa’s unlawful conduct affects not just the price of one thing – but the price of nearly everything.”

Debit transactions are an important and popular part of the U.S. financial system. Millions of Americans prefer or must use debit for online and in-person purchases. Visa dominates debit network markets that facilitate these transactions, charging significant fees and stifling competition in the process. Visa’s systematic efforts to limit competition for debit transactions have resulted in billions of dollars in additional fees imposed on American consumers and businesses and slowed innovation in the debit payments ecosystem. Through this lawsuit, the Justice Department seeks to restore competition to this vital market on behalf of the American public.

“Anticompetitive conduct by corporations like Visa leaves the American people and our entire economy worse off,” said Principal Deputy Associate Attorney General Benjamin C. Mizer. “Today’s action against Visa reminds those who would stifle competition rather than competing on price or investing in innovation that the Justice Department will never hesitate to enforce the law on behalf of the American people.”

“Visa fears competition and innovation, and instead chooses unlawful cooperation and monopolization,” said Principal Deputy Assistant Attorney General Doha Mekki of the Justice Department’s Antitrust Division. “Visa abuses its power over its customers and buys off would-be rivals at the expense of American consumers, merchants, banks, and the competitive process itself. Today’s lawsuit holds Visa accountable for its conduct in a market that forms the backbone of American commerce.”

Cool story, tl;dr but this bares no relevance or significance to my post. From a CONSUMER standpoint u pay 75 cents per debit card and pay nothing using your credit card and is that.

I pay Zero using cash


Banks minds games is to get you to use CC to eventually get you hooked in the debt trap.

World reports show that 74% of ppl eventually get trapped using CC. These are the same ppl that say they pay off their CC in full at the month. Yes sure they pay it in the first year, but over time, they get caught.

How do people never get caught?

Asking for the 26%.

[zoom rader]

Credit cards have $0.00 charge at merchants unless at another bank ATM alongside 3% cash advance fees.

Debit cards carry a $0.75 charge per transaction so technically u pay more using a debit card

Seeing too much misinformation spreading here. Someone should update page 1 with actual information

Timelapse is correct tho. What you posted is only half the story.

Debit cards charge both the merchant and the consumer a fixed cost (usually totalling about a dollar per transaction). These can be substantial if we are moving to fully cashless where persons have to make several transactions a day - everything from buying doubles to paying the maxi taxi tout incurs a fee.

Credit cards only charge the merchant, but the charge is based on a percentage of the transaction (usually 3% to 5% depending on the card and the "points"/"cashback" given to the owner). Timelapses postulated that if these 3% to 5% payment fees becomes the norm, prices generally would raise to cover the additional transaction cost and thereby drive inflation.

The bank's merchant agreement specifically says that these fees must never be mentioned anywhere. This sounds anti-competitive because it is -- there is no mechanism to drive those costs down.

The payment processor naturally falls into monopolistic position to extract rents from the economy as a whole. The nature of these hidden agreements restrict competition and entrench the monopoly.

https://www.justice.gov/opa/pr/justice- ... it-markets

“We allege that Visa has unlawfully amassed the power to extract fees that far exceed what it could charge in a competitive market,” said Attorney General Merrick B. Garland. “Merchants and banks pass along those costs to consumers, either by raising prices or reducing quality or service. As a result, Visa’s unlawful conduct affects not just the price of one thing – but the price of nearly everything.”

Debit transactions are an important and popular part of the U.S. financial system. Millions of Americans prefer or must use debit for online and in-person purchases. Visa dominates debit network markets that facilitate these transactions, charging significant fees and stifling competition in the process. Visa’s systematic efforts to limit competition for debit transactions have resulted in billions of dollars in additional fees imposed on American consumers and businesses and slowed innovation in the debit payments ecosystem. Through this lawsuit, the Justice Department seeks to restore competition to this vital market on behalf of the American public.

“Anticompetitive conduct by corporations like Visa leaves the American people and our entire economy worse off,” said Principal Deputy Associate Attorney General Benjamin C. Mizer. “Today’s action against Visa reminds those who would stifle competition rather than competing on price or investing in innovation that the Justice Department will never hesitate to enforce the law on behalf of the American people.”

“Visa fears competition and innovation, and instead chooses unlawful cooperation and monopolization,” said Principal Deputy Assistant Attorney General Doha Mekki of the Justice Department’s Antitrust Division. “Visa abuses its power over its customers and buys off would-be rivals at the expense of American consumers, merchants, banks, and the competitive process itself. Today’s lawsuit holds Visa accountable for its conduct in a market that forms the backbone of American commerce.”

Cool story, tl;dr but this bares no relevance or significance to my post. From a CONSUMER standpoint u pay 75 cents per debit card and pay nothing using your credit card and is that.

I pay Zero using cash


Banks minds games is to get you to use CC to eventually get you hooked in the debt trap.

World reports show that 74% of ppl eventually get trapped using CC. These are the same ppl that say they pay off their CC in full at the month. Yes sure they pay it in the first year, but over time, they get caught.

How do people never get caught?

Asking for the 26%.

In the first year

Year by year creeps up, and ur limit increases and so does ur spending. Spending money that is not yours is all mind games.

[MaxPower]

Xmas shopping done.

Credit card max out.

I could pay it off but need about a 5 months.

[adnj]

Credit cards have $0.00 charge at merchants unless at another bank ATM alongside 3% cash advance fees.

Debit cards carry a $0.75 charge per transaction so technically u pay more using a debit card

Seeing too much misinformation spreading here. Someone should update page 1 with actual information

Timelapse is correct tho. What you posted is only half the story.

Debit cards charge both the merchant and the consumer a fixed cost (usually totalling about a dollar per transaction). These can be substantial if we are moving to fully cashless where persons have to make several transactions a day - everything from buying doubles to paying the maxi taxi tout incurs a fee.

Credit cards only charge the merchant, but the charge is based on a percentage of the transaction (usually 3% to 5% depending on the card and the "points"/"cashback" given to the owner). Timelapses postulated that if these 3% to 5% payment fees becomes the norm, prices generally would raise to cover the additional transaction cost and thereby drive inflation.

The bank's merchant agreement specifically says that these fees must never be mentioned anywhere. This sounds anti-competitive because it is -- there is no mechanism to drive those costs down.

The payment processor naturally falls into monopolistic position to extract rents from the economy as a whole. The nature of these hidden agreements restrict competition and entrench the monopoly.

https://www.justice.gov/opa/pr/justice- ... it-markets

“We allege that Visa has unlawfully amassed the power to extract fees that far exceed what it could charge in a competitive market,” said Attorney General Merrick B. Garland. “Merchants and banks pass along those costs to consumers, either by raising prices or reducing quality or service. As a result, Visa’s unlawful conduct affects not just the price of one thing – but the price of nearly everything.”

Debit transactions are an important and popular part of the U.S. financial system. Millions of Americans prefer or must use debit for online and in-person purchases. Visa dominates debit network markets that facilitate these transactions, charging significant fees and stifling competition in the process. Visa’s systematic efforts to limit competition for debit transactions have resulted in billions of dollars in additional fees imposed on American consumers and businesses and slowed innovation in the debit payments ecosystem. Through this lawsuit, the Justice Department seeks to restore competition to this vital market on behalf of the American public.

“Anticompetitive conduct by corporations like Visa leaves the American people and our entire economy worse off,” said Principal Deputy Associate Attorney General Benjamin C. Mizer. “Today’s action against Visa reminds those who would stifle competition rather than competing on price or investing in innovation that the Justice Department will never hesitate to enforce the law on behalf of the American people.”

“Visa fears competition and innovation, and instead chooses unlawful cooperation and monopolization,” said Principal Deputy Assistant Attorney General Doha Mekki of the Justice Department’s Antitrust Division. “Visa abuses its power over its customers and buys off would-be rivals at the expense of American consumers, merchants, banks, and the competitive process itself. Today’s lawsuit holds Visa accountable for its conduct in a market that forms the backbone of American commerce.”

Cool story, tl;dr but this bares no relevance or significance to my post. From a CONSUMER standpoint u pay 75 cents per debit card and pay nothing using your credit card and is that.

I pay Zero using cash


Banks minds games is to get you to use CC to eventually get you hooked in the debt trap.

World reports show that 74% of ppl eventually get trapped using CC. These are the same ppl that say they pay off their CC in full at the month. Yes sure they pay it in the first year, but over time, they get caught.

How do people never get caught?

Asking for the 26%.

In the first year

Year by year creeps up, and ur limit increases and so does ur spending. Spending money that is not yours is all mind games.

According to a Motley Fool survey, more than 95% of Americans with a net worth of over $1 million have at least one credit card.

Why aren't US millionaires spending money that they don't have?

[st7]

Zoom u don't leave the country at all anymore? Because everything from flights to hotels to rental cars you does need a credit card not so?

I do about 3 trips per yr, only use my debit card . I don't own a CC. I limit my use on my local debit card. Cash is king

Z,

3 trips a year going where? To quarrel?

Enjoy youself na, you cannot be frothing up when you hearing credit cards swiping off from a side when u in dollar tree line.

This year, I was in Switzerland, Brazil , and Grenada.

how you purchase them plane tickets? definitely couldn't purchase directly from the airline website so i imagine you had to go to a travel agency and paid, what, 30-40% extra? exorbitantly more than the $150 TTD for a yearly credit card fee.

cash is king.

I use my UK debit cards.

sounds like you being unrealistic and unfair to the wider population of T&T. if none of we have these international debit cards, how we supposed to purchase plane tickets without credit cards?

pay the plenty money to the travel agencies ent?

cash is king

[zoom rader]

Xmas shopping done.

Credit card max out.

I could pay it off but need about a 5 months.

Nice with interest

Once maxed out, u live the dream of paying it out. Then comes other expenditures that you did not cater for tries needed ,bills ect

That's how you sink yourself always telling urself I will pay it off, meanwhile interest builds.

[MaxPower]

Xmas shopping done.

Credit card max out.

I could pay it off but need about a [emoji6] months.

Nice with interest

Yeh thas ok, it’s a business they running.

When you using your cash and buying items, the seller not making a profit?

Using my credit card helps me not touch my savings.

[zoom rader]

Zoom u don't leave the country at all anymore? Because everything from flights to hotels to rental cars you does need a credit card not so?

I do about 3 trips per yr, only use my debit card . I don't own a CC. I limit my use on my local debit card. Cash is king

Z,

3 trips a year going where? To quarrel?

Enjoy youself na, you cannot be frothing up when you hearing credit cards swiping off from a side when u in dollar tree line.

This year, I was in Switzerland, Brazil , and Grenada.

how you purchase them plane tickets? definitely couldn't purchase directly from the airline website so i imagine you had to go to a travel agency and paid, what, 30-40% extra? exorbitantly more than the $150 TTD for a yearly credit card fee.

cash is king.

I use my UK debit cards.

sounds like you being unrealistic and unfair to the wider population of T&T. if none of we have these international debit cards, how we supposed to purchase plane tickets without credit cards?

pay the plenty money to the travel agencies ent?

cash is king

Caribbean Airlines, debit card bro.

[dogg]

If you're unsure whether you have the mental discipline and financial stability to manage a credit card, then it’s probably not for you.

Last year, I charged nearly $124,000 to my card.
I earned around $1,700 in cashback. The annual fee just about $200.

I’ve been using credit cards for over a decade, always paying the balance in full and on time.
never once paying interest.

There’s no reason for me not to have a credit card. But folks without my discipline should def not get one.

[st7]

Zoom u don't leave the country at all anymore? Because everything from flights to hotels to rental cars you does need a credit card not so?

I do about 3 trips per yr, only use my debit card . I don't own a CC. I limit my use on my local debit card. Cash is king

Z,

3 trips a year going where? To quarrel?

Enjoy youself na, you cannot be frothing up when you hearing credit cards swiping off from a side when u in dollar tree line.

This year, I was in Switzerland, Brazil , and Grenada.

how you purchase them plane tickets? definitely couldn't purchase directly from the airline website so i imagine you had to go to a travel agency and paid, what, 30-40% extra? exorbitantly more than the $150 TTD for a yearly credit card fee.

cash is king.

I use my UK debit cards.

sounds like you being unrealistic and unfair to the wider population of T&T. if none of we have these international debit cards, how we supposed to purchase plane tickets without credit cards?

pay the plenty money to the travel agencies ent?

cash is king

Caribbean Airlines, debit card bro.

how anyone reaching Europe, or central and south America with a local debit card?

[st7]

If you're unsure whether you have the mental discipline and financial stability to manage a credit card, then it’s probably not for you.

Last year, I charged nearly $124,000 to my card.
I earned around $1,700 in cashback. The annual fee just about $200.

I’ve been using credit cards for over a decade, always paying the balance in full and on time.
never once paying interest.

There’s no reason for me not to have a credit card. But folks without my discipline should def not get one.

zoom sounds like he don't have the discipline for sure.

[Dave]

If you're unsure whether you have the mental discipline and financial stability to manage a credit card, then it’s probably not for you.

Last year, I charged nearly $124,000 to my card.
I earned around $1,700 in cashback. The annual fee just about $200.

I’ve been using credit cards for over a decade, always paying the balance in full and on time.
never once paying interest.

There’s no reason for me not to have a credit card. But folks without my discipline should def not get one.

Make your card work for you.
I do 100k a mth. Cash back, miles and commission.
Cards are definitely working for me.

[paid_influencer]

Make your card work for you.
I do 100k a mth. Cash back, miles and commission.
Cards are definitely working for me.

[The_Honourable]

I do about 3 trips per yr, only use my debit card . I don't own a CC. I limit my use on my local debit card. Cash is king

Z,

3 trips a year going where? To quarrel?

Enjoy youself na, you cannot be frothing up when you hearing credit cards swiping off from a side when u in dollar tree line.

This year, I was in Switzerland, Brazil , and Grenada.

how you purchase them plane tickets? definitely couldn't purchase directly from the airline website so i imagine you had to go to a travel agency and paid, what, 30-40% extra? exorbitantly more than the $150 TTD for a yearly credit card fee.

cash is king.

I use my UK debit cards.

sounds like you being unrealistic and unfair to the wider population of T&T. if none of we have these international debit cards, how we supposed to purchase plane tickets without credit cards?

pay the plenty money to the travel agencies ent?

cash is king

Caribbean Airlines, debit card bro.

how anyone reaching Europe, or central and south America with a local debit card?

Zoom and many others have the means to open bank accounts outside of T&T and get debit cards. Debit cards outside T&T is just like credit cards with the VISA or Mastercard logo. It's only in the past few years here in T&T that linx and the banks upgraded to visa debit cards but with limited features. If it wasn't for our forex situation, you can shop online with your debit card. Right now you can only pay utility bills online with your debit card but it's iffy across different banks.

The downside with debit cards for me is that it's directly connected to your bank account so if your debit card gets compromised online, the money is deducted directly from your bank account. I avoid this by having a second account with limited funds ($100 lol) and have the debit card connected to that account alone. If I want to do big purchases, i just transfer funds from my primary to my secondary account and then make the purchase.

Some people were either lucky or ahead of the curve by establishing accounts outside T&T and now they are benefitting.

[st7]

Z,

3 trips a year going where? To quarrel?

Enjoy youself na, you cannot be frothing up when you hearing credit cards swiping off from a side when u in dollar tree line.

This year, I was in Switzerland, Brazil , and Grenada.

how you purchase them plane tickets? definitely couldn't purchase directly from the airline website so i imagine you had to go to a travel agency and paid, what, 30-40% extra? exorbitantly more than the $150 TTD for a yearly credit card fee.

cash is king.

I use my UK debit cards.

sounds like you being unrealistic and unfair to the wider population of T&T. if none of we have these international debit cards, how we supposed to purchase plane tickets without credit cards?

pay the plenty money to the travel agencies ent?

cash is king

Caribbean Airlines, debit card bro.

how anyone reaching Europe, or central and south America with a local debit card?

Zoom and many others have the means to open bank accounts outside of T&T and get debit cards. Debit cards outside T&T is just like credit cards with the VISA or Mastercard logo. It's only in the past few years here in T&T that linx and the banks upgraded to visa debit cards but with limited features. If it wasn't for our forex situation, you can shop online with your debit card. Right now you can only pay utility bills online with your debit card but it's iffy across different banks.

The downside with debit cards for me is that it's directly connected to your bank account so if your debit card gets compromised online, the money is deducted directly from your bank account. I avoid this by having a second account with limited funds ($100 lol) and have the debit card connected to that account alone. If I want to do big purchases, i just transfer funds from my primary to my secondary account and then make the purchase.

Some people were either lucky or ahead of the curve by establishing accounts outside T&T and now they are benefitting.

yeah but zoom feel like everybody here have the same opportunity as him. and ppl must use Caribbean airlines to travel because ???


the man is a huge hypocrite. if he didn't have the UK debit cards, you done know he was getting 5 credit cards. "cash is king" if you're a delusional hypocrite. what would Zoom have done if he only had local banking? (betcha he won't answer cause he can't answer)


plus, what's the daily transaction limit on a local debit card? i wanna say $6000 TTD but i could be wrong... how you supposed to buy plane tickets for one or more person with that? lololol

[zoom rader]

Z,

3 trips a year going where? To quarrel?

Enjoy youself na, you cannot be frothing up when you hearing credit cards swiping off from a side when u in dollar tree line.

This year, I was in Switzerland, Brazil , and Grenada.

how you purchase them plane tickets? definitely couldn't purchase directly from the airline website so i imagine you had to go to a travel agency and paid, what, 30-40% extra? exorbitantly more than the $150 TTD for a yearly credit card fee.

cash is king.

I use my UK debit cards.

sounds like you being unrealistic and unfair to the wider population of T&T. if none of we have these international debit cards, how we supposed to purchase plane tickets without credit cards?

pay the plenty money to the travel agencies ent?

cash is king

Caribbean Airlines, debit card bro.

how anyone reaching Europe, or central and south America with a local debit card?

Zoom and many others have the means to open bank accounts outside of T&T and get debit cards. Debit cards outside T&T is just like credit cards with the VISA or Mastercard logo. It's only in the past few years here in T&T that linx and the banks upgraded to visa debit cards but with limited features. If it wasn't for our forex situation, you can shop online with your debit card. Right now you can only pay utility bills online with your debit card but it's iffy across different banks.

The downside with debit cards for me is that it's directly connected to your bank account so if your debit card gets compromised online, the money is deducted directly from your bank account. I avoid this by having a second account with limited funds ($100 lol) and have the debit card connected to that account alone. If I want to do big purchases, i just transfer funds from my primary to my secondary account and then make the purchase.

Some people were either lucky or ahead of the curve by establishing accounts outside T&T and now they are benefitting.

Thanks,

I was waiting for some to highlight these facts. I did state before that I saw this issues will happen in Trinidad some 20 years ago and set out on banking overseas for me to not reach a state where I can't get forex.

I remember the days when a citizen could only get 600US from the banks per year, and that was stamped on ur passport on what US you got. When that was removed, Trinis was wild with careless US spending and not concerned with the future.

There are countless other Trinis that have bank roll abroad and don't rely on the Trini dollar, they are very careful with money.

Trinidad Card problems all lies with Forex and mismanagement by the PNM Government in favour of 1%.

Trinidad is under economic slavery when you have tuners asking how to buy airfare tickets online without a CC.

As for CC users that spend 100k in order to get 1k back, you tell me if that makes sense when u could have invested that and probably make 5% or more depending on investment. Then again, those spending 100k probably have very large cash flow. But the agv trini on 20k per month that is not feasible.

You will always hear they pay it back at the end of month, which is very few, why not hear about those who can't pay it off.

[zoom rader]

This year, I was in Switzerland, Brazil , and Grenada.

how you purchase them plane tickets? definitely couldn't purchase directly from the airline website so i imagine you had to go to a travel agency and paid, what, 30-40% extra? exorbitantly more than the $150 TTD for a yearly credit card fee.

cash is king.

I use my UK debit cards.

sounds like you being unrealistic and unfair to the wider population of T&T. if none of we have these international debit cards, how we supposed to purchase plane tickets without credit cards?

pay the plenty money to the travel agencies ent?

cash is king

Caribbean Airlines, debit card bro.

how anyone reaching Europe, or central and south America with a local debit card?

Zoom and many others have the means to open bank accounts outside of T&T and get debit cards. Debit cards outside T&T is just like credit cards with the VISA or Mastercard logo. It's only in the past few years here in T&T that linx and the banks upgraded to visa debit cards but with limited features. If it wasn't for our forex situation, you can shop online with your debit card. Right now you can only pay utility bills online with your debit card but it's iffy across different banks.

The downside with debit cards for me is that it's directly connected to your bank account so if your debit card gets compromised online, the money is deducted directly from your bank account. I avoid this by having a second account with limited funds ($100 lol) and have the debit card connected to that account alone. If I want to do big purchases, i just transfer funds from my primary to my secondary account and then make the purchase.

Some people were either lucky or ahead of the curve by establishing accounts outside T&T and now they are benefitting.

yeah but zoom feel like everybody here have the same opportunity as him. and ppl must use Caribbean airlines to travel because ???


the man is a huge hypocrite. if he didn't have the UK debit cards, you done know he was getting 5 credit cards. "cash is king" if you're a delusional hypocrite. what would Zoom have done if he only had local banking? (betcha he won't answer cause he can't answer)


plus, what's the daily transaction limit on a local debit card? i wanna say $6000 TTD but i could be wrong... how you supposed to buy plane tickets for one or more person with that? lololol

Before I started working abroad, I never had nor will never own a CC, but I did save all the US cash I got and kept it in the Milo tin for a rainy day.

In those days, you walk with cash and buy ur airline tickets at the CAL/BWIA sales office, CAL flew to London, where PNM destroyed that flight by selling a very lucrative Heathrow spot for a 5million pittance.

[zoom rader]

Guys by all means take out and use your CCs

Spend 100k to get 1k or points on Airlines tickets where they change the rules on availability and devalue ur points yearly

The cash is not yours so spend away. Keep spending, don't save or invest, and you will be ok.

Following the American dream where the avg joe has a balance of 6500us that grows with interest.

Happy spending and keeping control by paying off card each month.

[dogg]

If you're unsure whether you have the mental discipline and financial stability to manage a credit card, then it’s probably not for you.

Last year, I charged nearly $124,000 to my card.
I earned around $1,700 in cashback. The annual fee just about $200.

I’ve been using credit cards for over a decade, always paying the balance in full and on time.
never once paying interest.

There’s no reason for me not to have a credit card. But folks without my discipline should def not get one.

Make your card work for you.
I do 100k a mth. Cash back, miles and commission.
Cards are definitely working for me.

This is my personal CC. Not business.

[dogg]

As for CC users that spend 100k in order to get 1k back, you tell me if that makes sense when u could have invested that and probably make 5% or more depending on investment. Then again, those spending 100k probably have very large cash flow. But the agv trini on 20k per month that is not feasible.

You will always hear they pay it back at the end of month, which is very few, why not hear about those who can't pay it off.

Really guy?

You think I WANT to spend 100k plus on a credit card annually?

That’s just basic subsistence expenses for a small 2-vehicle family.

It’s money that has to be spent anyway.

But you already know that.

Your’e just grabbing at any tiny straws you can find.

[paid_influencer]

100k a year is like 2k a week
that isn't subsistence level spending
which i believe is zoom's whole point.

the credit card leading you to spend more than you normally would. the points and miles etc is just gimmickry to fool chupid people

[adnj]

This year, I was in Switzerland, Brazil , and Grenada.

how you purchase them plane tickets? definitely couldn't purchase directly from the airline website so i imagine you had to go to a travel agency and paid, what, 30-40% extra? exorbitantly more than the $150 TTD for a yearly credit card fee.

cash is king.

I use my UK debit cards.

sounds like you being unrealistic and unfair to the wider population of T&T. if none of we have these international debit cards, how we supposed to purchase plane tickets without credit cards?

pay the plenty money to the travel agencies ent?

cash is king

Caribbean Airlines, debit card bro.

how anyone reaching Europe, or central and south America with a local debit card?

Zoom and many others have the means to open bank accounts outside of T&T and get debit cards. Debit cards outside T&T is just like credit cards with the VISA or Mastercard logo. It's only in the past few years here in T&T that linx and the banks upgraded to visa debit cards but with limited features. If it wasn't for our forex situation, you can shop online with your debit card. Right now you can only pay utility bills online with your debit card but it's iffy across different banks.

The downside with debit cards for me is that it's directly connected to your bank account so if your debit card gets compromised online, the money is deducted directly from your bank account. I avoid this by having a second account with limited funds ($100 lol) and have the debit card connected to that account alone. If I want to do big purchases, i just transfer funds from my primary to my secondary account and then make the purchase.

Some people were either lucky or ahead of the curve by establishing accounts outside T&T and now they are benefitting.

Thanks,

I was waiting for some to highlight these facts. I did state before that I saw this issues will happen in Trinidad some 20 years ago and set out on banking overseas for me to not reach a state where I can't get forex.

I remember the days when a citizen could only get 600US from the banks per year, and that was stamped on ur passport on what US you got. When that was removed, Trinis was wild with careless US spending and not concerned with the future.

There are countless other Trinis that have bank roll abroad and don't rely on the Trini dollar, they are very careful with money.

Trinidad Card problems all lies with Forex and mismanagement by the PNM Government in favour of 1%.

Trinidad is under economic slavery when you have tuners asking how to buy airfare tickets online without a CC.

As for CC users that spend 100k in order to get 1k back, you tell me if that makes sense when u could have invested that and probably make 5% or more depending on investment. Then again, those spending 100k probably have very large cash flow. But the agv trini on 20k per month that is not feasible.

You will always hear they pay it back at the end of month, which is very few, why not hear about those who can't pay it off.

This is just a stupid response.

Only a sufferer would think that a financially literate person spends money just to get money back in points.

Buy your items with a UK debit card:
- Lose protection offered by section 75 of the Consumer Credit Act.
- Lose the month of interest that you could have earned while that money was still in a bank account.
- Lose cash back benefits and award points.
- Pay foreign transaction fees outside of the UK for most UK-based debit cards.

Or, get the benefits of a UK-based account with a credit card from a bank like Chase - no foreign transaction fees, no annual fee, travel and cash awards, fraud protection, extended warranty, purchase protection, etc. - if you have the credit score and can prove your income.

If you can't prove income, and don't have a decent credit score, you will just need to keep on swiping the debit card at checkout. Then log on to tuner and rant about the evils of a credit card.

[paid_influencer]

zoom tell me about old indian people
you think them used to spend that kind of money and call it subsistence

[wing]

zoom tell me about old indian people
you think them used to spend that kind of money and call it subsistence

He knows nothing about Indian people, he is a beethamite trying to be accepted but he really belongs in the PNM.

[MaxPower]

Zoom you eh fed up get bobolize bro?

[Chimera]

I've used my credit cards to help friends who urgently needed to pay medical admission fees quickly.

15 years ago medical associates they abruptly needed 20k a Friday night to do a emergency delivery after grande hospital turned them away.

Swiped my card and got the cash back the Monday

Once you have discipline the cards are a benefit

Is just like if u have a car

U must have discipline not to regret it

[st7]

anyone knows the current daily limit for debit cards?

[MaxPower]

anyone knows the current daily limit for debit cards?

If it’s cash you talking about.

Five thousand

[triniterribletim]

If I didn't have several credit cards, I wouldn't have been able to move abroad. They also helped me rent my first place, furnish my house and do many other things. As with everything else, they're tools to be used, especially if you want some way to finance a life abroad while having TT funds in the bank that would otherwise be inaccessible.

[Chimera]

anyone knows the current daily limit for debit cards?

If it’s cash you talking about.

Five thousand

Scotia is 7500 to withdraw cash at atm but I believe you can swipe more at point of sale