"Discover Cooking, Discuss Life."

Go Back   Discuss Cooking - Cooking Forums > The Back Porch > Off Topic Discussions
Reply
 
Thread Tools Display Modes
 
Old 02-17-2014, 08:34 AM   #2751
Executive Chef
 
bakechef's Avatar
Site Moderator
 
Join Date: Nov 2009
Location: North Carolina
Posts: 4,082
I have store cards just for the discounts. I pay them of after purchase, before they are due and avoid the interest.

I really have no idea what the interest is on most of my cards. I have one that has always been at 5.25% and that's the one we use for things that we want finance for a few months. The others gets paid of monthly. We usually only have a couple going at a time.
__________________

__________________
I'm Bloggin'

http://bakingbetter.com
bakechef is offline   Reply With Quote
Old 02-17-2014, 08:45 AM   #2752
Executive Chef
 
Join Date: Apr 2013
Location: Pittsburgh PA
Posts: 3,029
Quote:
Originally Posted by bakechef View Post
I have store cards just for the discounts. I pay them of after purchase, before they are due and avoid the interest.

I really have no idea what the interest is on most of my cards. I have one that has always been at 5.25% and that's the one we use for things that we want finance for a few months. The others gets paid of monthly. We usually only have a couple going at a time.

We have more credit cards than we need but we also don't carry balances on them. We use one on a regular basis because it has the best cash back bonus plan. The others I make sure we use at least once a year to keep them active. We have them in case of emergency, but thankfully, have never had an emergency that forced us to use them.
__________________

__________________
CarolPa is offline   Reply With Quote
Old 02-17-2014, 12:47 PM   #2753
Master Chef
 
Join Date: Jul 2008
Location: Park Drive Bar/Grill Los Angeles
Posts: 9,631
Quote:
Originally Posted by CarolPa View Post
Don't you worry that hackers can get access to your account info? That's what I worry about.
Not really.......although I only keep just enough balance in my checking account for my monthly expenditures, and no more. The rest are stash of cash at home and deposits in other non-banking institutions, but those accounts are also online accessible for convenience.

An employee in your banking institution can just as easily steal account info as a computer hacker can, I would imagine.... I would not worry about banking online.
__________________
roadfix is offline   Reply With Quote
Old 02-17-2014, 01:13 PM   #2754
Chef Extraordinaire
 
taxlady's Avatar
 
Join Date: Sep 2010
Location: near Montreal, Quebec, Canada
Posts: 18,873
Send a message via Skype™ to taxlady
Don't most banks offer guarantees about online banking?
__________________
May you live as long as you wish and love as long as you live.
Robert A. Heinlein
taxlady is online now   Reply With Quote
Old 02-17-2014, 01:45 PM   #2755
Chef Extraordinaire
 
GotGarlic's Avatar
 
Join Date: May 2007
Location: Southeastern Virginia
Posts: 16,830
Quote:
Originally Posted by taxlady View Post
Don't most banks offer guarantees about online banking?
If it's in an actual bank account (not a money market or investment account), it's insured by the FDIC up to $250,000. We use online banking and don't worry about it. Banks themselves have been moving money around electronically for decades.
__________________
The trouble with eating Italian food is that five or six days later you're hungry again. ~ George Miller
GotGarlic is offline   Reply With Quote
Old 02-17-2014, 02:04 PM   #2756
Master Chef
 
Join Date: Jul 2008
Location: Park Drive Bar/Grill Los Angeles
Posts: 9,631
One thing I never do is to log onto any of my accounts using public wi-fi, if that makes any difference...
__________________
roadfix is offline   Reply With Quote
Old 02-17-2014, 03:03 PM   #2757
Chef Extraordinaire
 
taxlady's Avatar
 
Join Date: Sep 2010
Location: near Montreal, Quebec, Canada
Posts: 18,873
Send a message via Skype™ to taxlady
Quote:
Originally Posted by GotGarlic View Post
If it's in an actual bank account (not a money market or investment account), it's insured by the FDIC up to $250,000. We use online banking and don't worry about it. Banks themselves have been moving money around electronically for decades.
I thought the FDIC was like the Canadian, CDIC,

"CDICís deposit insurance insures Canadiansí savings against the failure of a bank or other financial institution if it is a CDIC member. CDICís deposit insurance does NOT protect against fraud, theft or scams. - See more at: What Is Deposit Insurance?"

I tried, but couldn't find anything as definite about the FDIC.

My bank has a "security guarantee" against online fraud. RBC Online Banking Security Guarantee - RBC Royal Bank
__________________
May you live as long as you wish and love as long as you live.
Robert A. Heinlein
taxlady is online now   Reply With Quote
Old 02-17-2014, 03:13 PM   #2758
Executive Chef
 
Join Date: Apr 2013
Location: Pittsburgh PA
Posts: 3,029
Quote:
Originally Posted by taxlady View Post
I thought the FDIC was like the Canadian, CDIC,

"CDICís deposit insurance insures Canadiansí savings against the failure of a bank or other financial institution if it is a CDIC member. CDICís deposit insurance does NOT protect against fraud, theft or scams. - See more at: What Is Deposit Insurance?"

I tried, but couldn't find anything as definite about the FDIC.

My bank has a "security guarantee" against online fraud. RBC Online Banking Security Guarantee - RBC Royal Bank

This is what I believe also, Taxlady. I'm pretty sure that when I got this account I asked about it and was told I was not protected against fraud if I used online banking. I realize so many people do it all the time without any problems. Many people think I'm nuts when I say I still mail checks to pay my bills. I guess I'm old fashioned.
__________________
CarolPa is offline   Reply With Quote
Old 02-17-2014, 03:14 PM   #2759
Chef Extraordinaire
 
GotGarlic's Avatar
 
Join Date: May 2007
Location: Southeastern Virginia
Posts: 16,830
My bad. I should have checked before posting.
__________________
The trouble with eating Italian food is that five or six days later you're hungry again. ~ George Miller
GotGarlic is offline   Reply With Quote
Old 02-17-2014, 03:46 PM   #2760
Chef Extraordinaire
 
taxlady's Avatar
 
Join Date: Sep 2010
Location: near Montreal, Quebec, Canada
Posts: 18,873
Send a message via Skype™ to taxlady
Quote:
Originally Posted by CarolPa View Post
This is what I believe also, Taxlady. I'm pretty sure that when I got this account I asked about it and was told I was not protected against fraud if I used online banking. I realize so many people do it all the time without any problems. Many people think I'm nuts when I say I still mail checks to pay my bills. I guess I'm old fashioned.
I don't think you're nuts. I just think you are going through effort you don't need.

Ask your bank if they have something like that "security guarantee" that my bank has for online banking. The CDIC protects my money from the bank failing and my bank protects me from online banking fraud.

Most of the problems are from not being careful with the password, using a public computer and not clearing the cache when your done, etc. I haven't had any problems (7-9-13*) yet. I have been doing online banking since before it was done on the web. The bank gave me software on a floppy disk to do my banking online.

* Danish superstition equivalent to knocking on wood.
__________________

__________________
May you live as long as you wish and love as long as you live.
Robert A. Heinlein
taxlady is online now   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



» Discuss Cooking on Facebook

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -5. The time now is 07:28 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.