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DFS Forum Topics
- All Comments on DFS
- General Discussion on DFS
- Credit Cards: Not Dead Yet [view article]
- Playing the Market as Delinquencies Continue to Rise [view article]
- AmEx's Pain Likely Discover's Gain [view article]
- Winners and Losers from the Mortgage Mess [view article]
- Five Great Businesses Currently on Sale [view article]
- The Long Case for American Express [view article]
- Card Issuers: Facts and Fictions [view article]
- How Much Credit Is Too Much? Where AmEx Went Wrong [view article]
- Credit Cards Are Feeling the Crunch [view article]
- Off-Target Reporting on TGT Credit-Card Portfolio [view article]
- Why American Express Should Be Ignored [view article]
- Credit Card Breakdown: AmEx Disappoints, as Predicted [view article]
loading ...Recent DFS Articles
- Credit Cards: Not Dead Yet
- Playing the Market as Delinquencies Continue to Rise
- AmEx's Pain Likely Discover's Gain
- Five Great Businesses Currently on Sale
- Winners and Losers from the Mortgage Mess
- The Long Case for American Express
- How Much Credit Is Too Much? Where AmEx Went Wrong
- Card Issuers: Facts and Fictions
- Credit Cards Are Feeling the Crunch
- Credit Card Breakdown: AmEx Disappoints, as Predicted
- Full List of Articles »
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Credit Cards: Not Dead Yet [view article]
I work for a large regional bank, and based on how they direct customers to use their cards (more rewards for those that use credit cards as compared to those that use a debit card), I would assume that they make more revenue from a credit card purchase (ie. processing fees, interest, etc.). To me if the bank is making more money then I am probably making less.And they idea that you pay it off every month means nothing because I do the same thing every month with my debit card with no risk of not being able to make a payment as I didn't spend it unless I had the cash.
The best way to avoid any problems in regards to dispute with a debit card and the delay in having the cash returned (which I have never had this issue and have used a debit card for several years) is simply don't run your checking account balance down to 0 and always have a emergency fund to fall back on. Common sense that anymore is not that common. Reply
Credit Cards: Not Dead Yet [view article]
Footnote: Credit cards and Debit cards are similar in liability> If you report the unauthorized use within 30 days your max liability is $50.00 ReplyCredit Cards: Not Dead Yet [view article]
cc are better because by law they offer you protections for your purchases.by using a debit card you open yourself up to having the wrong amount taken out of your account with difficulty getting it returned Reply
Credit Cards: Not Dead Yet [view article]
mrbill in what way that my question was not respectful? I really do not understand your joke if it is one.Anyway I saw stranger people before nothing surprises me any more. ReplyPlaying the Market as Delinquencies Continue to Rise [view article]
If you've been watching it like a hawk, you'd of seen me make about 40% on DFS from $13 to $17This post was MUCH more relevant Sept 1st 2007 than Sept 1st 2008
Since last september
DFS is down about 50%
Banks are all down huge...
I actually went Long DFS at under $14. I started Selling at $17.00 yesterday. Maybe good for a short trade, but not shorting like there was last year. Too late to short commods/oil? Where's the next short?
BRIC's? Most of those are already way down too.
Reply
Credit Cards: Not Dead Yet [view article]
User138602 since your question is not respectful let me answer it this way. Starting Tomorrow in selected cities you will be able to point certain cell phones at a coke machine and a coke will come out and processed through Visa. But you already knew this didn't you. ReplyCredit Cards: Not Dead Yet [view article]
mrbill would you be kind enough to share with us what s on the horizon that is supposed to shock us?tipster Reply
Credit Cards: Not Dead Yet [view article]
GovaNerd: Visa & Ma do not issue credit they collect a transaction fee because everyone knows this there is a short term growth problem, but hold on there is something on the horizon that will shock you. Do the research and profit. ReplyCredit Cards: Not Dead Yet [view article]
Someone correct me if I am wrong, but the credit card companies process and profit from debit cards as well as credit cards. Investing in (most) credit card companies was to invest in the card technology and the naturally inflation hedged business model which collects a percentage of each transaction. ReplyCredit Cards: Not Dead Yet [view article]
kingeggie you are rather naive to think that debit cards cost nothing.Obviously you do not have a lot of control on your finances. and I bet you your bank loves you. ReplyCredit Cards: Not Dead Yet [view article]
Anastos,I work in the Payment Solutions area FOR OVER 12 YEARS, I would NEVER use a DEBIT CARD. If you use your Credit Card WISELY, then you pay 0% and get rewards. If you run into an issue with a purchase you DISPUTE it, and your money is STILL in your own checking account...
Maybe you should gain / gather / buy a little intelligence before you open your wallet. Reply
Credit Cards: Not Dead Yet [view article]
If you pay off your cc ballance every month, why do you need OPM? A debet card costs nothing and you only spend what you have.It works for me. ReplyPlaying the Market as Delinquencies Continue to Rise [view article]
To wpdragon. I agree completely. Similar thing happening on oil prices. i.e. bring it down to $100 bbl. (at least) before the election. The geopolitical influence on markets now greater than ever esp. during election seasons. This makes shorting even riskier during these periods, so only the greatly experienced need apply. ReplyCredit Cards: Not Dead Yet [view article]
Great article which points out the subtleties (sic) of making things that sound the same BE the same in the mind of the reader. Lies, damn lies and statistics. ReplyCredit Cards: Not Dead Yet [view article]
I am 110% with Hoser, that s what smart people are doing.Ever heard of OPM anastos? Other s People Money, use it wisely and you will be rewarded .Wisely means don t spend more that you can afford and always pay on time the balance owed. My wife and have been travelling once a year using the free air miles and thanks to my discipline or should I say thanks to the lack of discipline of others.Tipster Reply