Disclaimer Posted February 12, 2010 Report Share Posted February 12, 2010 Ok, how do I attach this Excel? Quote Link to comment Share on other sites More sharing options...
Likwid Posted February 12, 2010 Report Share Posted February 12, 2010 Ok, how do I attach this Excel?Google docs, or hostfile Quote Link to comment Share on other sites More sharing options...
Disclaimer Posted February 12, 2010 Report Share Posted February 12, 2010 (edited) All blocked by WebsenseI'll post it somewhere when I get home... suffice to say, if you concur with the assumptions:*I favored the CC+MMA account setup by assuming all costs were disbursed at the beginning of the month from the RCA, thus minimizing the daily balance which the RCA would gain interest on throughout the month*I assumed the MMA wouldn't pay the CC company until the last possible day - maximizing it's daily balance and returns*I ran the numbers assuming all purchases were at min rewards (1%) and one where the entire $400 earned the 5% rewardsUnrealistic, but overly conservative assumptions to prove my point.I'm right. Edited February 12, 2010 by JRMMiii Quote Link to comment Share on other sites More sharing options...
Likwid Posted February 12, 2010 Report Share Posted February 12, 2010 All blocked by WebsenseYou fail.... do you have access to email? can email it to me and I'll post it. Quote Link to comment Share on other sites More sharing options...
Disclaimer Posted February 12, 2010 Report Share Posted February 12, 2010 PM me your e-mail, I don't have yours in my personal account.(I'd have to facebook it to get it, and I don't get FB @ work) Quote Link to comment Share on other sites More sharing options...
Disclaimer Posted February 12, 2010 Report Share Posted February 12, 2010 E-mail sent, waiting for ACK Quote Link to comment Share on other sites More sharing options...
jbot Posted February 12, 2010 Report Share Posted February 12, 2010 do you have some weird account that doesn't let you have a credit card?it doesn't make any sense. Quote Link to comment Share on other sites More sharing options...
Disclaimer Posted February 12, 2010 Report Share Posted February 12, 2010 No??? I have multiple cards... one less today since I closed the citibank... I'll be watching my mail to make sure none of my other cards have annual fees, or they'll get cancelled too. Quote Link to comment Share on other sites More sharing options...
Likwid Posted February 12, 2010 Report Share Posted February 12, 2010 Here's the spreadsheet from JRM, only part I edited was the MMA % from 1 to 2http://spreadsheets.google.com/ccc?key=0AvyVxPtYKOmNdEpKdy1sZmROR0xwaGY3YjM0VU1Yd3c&hl=enGoing through it now to find where JRM has to be wrong Quote Link to comment Share on other sites More sharing options...
Disclaimer Posted February 12, 2010 Report Share Posted February 12, 2010 Going through it now to find where JRM has to be wrong YeeeeeaaaaaGood luck with that.... It's a sad day when I prove I'm a bigger Jew than you. Quote Link to comment Share on other sites More sharing options...
that dude Posted February 12, 2010 Report Share Posted February 12, 2010 fail Quote Link to comment Share on other sites More sharing options...
jbot Posted February 12, 2010 Report Share Posted February 12, 2010 so if you buy stuff with your credit card (not with debit card) and pay off in full every month with your RCA, how can you net more every month if you pay with debit directly out of the RCA?maybe i'm understanding something wrong. keep in mind, i went to public school. Quote Link to comment Share on other sites More sharing options...
Likwid Posted February 12, 2010 Report Share Posted February 12, 2010 so if you buy stuff with your credit card (not with debit card) and pay off in full every month with your RCA, how can you net more every month if you pay with debit directly out of the RCA?maybe i'm understanding something wrong. keep in mind, i went to public school.RCA typically requires you to use your DEBIT card a certain # of times per month.It would seem the BEST combination is to make minimum purchases using your debit card to satisfy the requirements, then use a rewards CC for the rest... but this still neglects all the benefits of using a CC vs Debit... which is, anyone with your debit card number has immediate access to your money, a CC acts as a go-between Quote Link to comment Share on other sites More sharing options...
Disclaimer Posted February 12, 2010 Report Share Posted February 12, 2010 Like I said, the CC's are just backup. I might use them once or twice a year for some purchase where my debit won't work - which is why I won't pay an annual fee to keep them.... but most debit are VISA/Matercard based, so if they take debit, they'll take my card.It functions like a CC... I don't have to enter my PIN, I just swipe it like it's a CC and everything is handled on the backend by VISA/Mastercard. Now, the merchant pays less in transaction fees if it's processed with your PIN like an actual debit transaction... but all those things you, as the consumer, don't need to worry about how it affects the merchant and card issuer - unless you're interested in the politics behind it.It's transparent to the end-user. Quote Link to comment Share on other sites More sharing options...
jbot Posted February 12, 2010 Report Share Posted February 12, 2010 you can make automated micro transactions with you debit to yourself every month using something like paypal or something for free with no hassle if there are requirements. i thought this would be a given.you're still losing 30 days of interest, and on a higher dollar amount, that is significant. you can have the best of all worlds with a bit of work.whatevs, i hate jews Quote Link to comment Share on other sites More sharing options...
Disclaimer Posted February 12, 2010 Report Share Posted February 12, 2010 RCA typically requires you to use your DEBIT card a certain # of times per month.It would seem the BEST combination is to make minimum purchases using your debit card to satisfy the requirements, then use a rewards CC for the rest... but this still neglects all the benefits of using a CC vs Debit... which is, anyone with your debit card number has immediate access to your money, a CC acts as a go-betweenSo, are you finally admitting RCA is the way to go - from a strictly financial gain standpoint (my point to begin with)? Quote Link to comment Share on other sites More sharing options...
jbot Posted February 12, 2010 Report Share Posted February 12, 2010 i think he was saying you should use whatever high yield account (mma being an example of one), but use credit cards for all the purchases you would normally make with you debit card, and if there are restrictions (like must have a certain number of transactions, etc) then do whatever you need to do to satisfy it... but the main point was always to pay for your purchase with credit and hold onto your money as long as possible, which you can't do if you use a debit card. Quote Link to comment Share on other sites More sharing options...
flyboy1011 Posted February 12, 2010 Author Report Share Posted February 12, 2010 I just want my $984 back lol Quote Link to comment Share on other sites More sharing options...
Likwid Posted February 12, 2010 Report Share Posted February 12, 2010 I just want my $984 back lolroflmao, quite possibly the best threadjack JRM and I have ever committed.BUTif you use a CC this would have never happened. Quote Link to comment Share on other sites More sharing options...
Disclaimer Posted February 12, 2010 Report Share Posted February 12, 2010 Opportunity costs. Quote Link to comment Share on other sites More sharing options...
Likwid Posted February 12, 2010 Report Share Posted February 12, 2010 Opportunity costs.Sunk cost Quote Link to comment Share on other sites More sharing options...
Disclaimer Posted February 12, 2010 Report Share Posted February 12, 2010 It's not sunk... it's IN THE BANK. :fistpump: Quote Link to comment Share on other sites More sharing options...
Likwid Posted February 12, 2010 Report Share Posted February 12, 2010 It's not sunk... it's IN THE BANK. :fistpump:Operating costs Quote Link to comment Share on other sites More sharing options...
flyboy1011 Posted February 12, 2010 Author Report Share Posted February 12, 2010 It's all good. I'm getting the money back. It's just a matter of when. Besides, me, swingr, and the rest of the lottery pool crew are gonna win the jackpot here sometime this month... Quote Link to comment Share on other sites More sharing options...
jayjie15 Posted February 13, 2010 Report Share Posted February 13, 2010 ^ That sucks man. Honestly after reading this I proceeded to key.com to check my account balance. Quote Link to comment Share on other sites More sharing options...
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