Discover credit card? You might want to read this....

[greg]

Discover Financial to reportedly track gun store purchases starting in April

Discover Financial Services reportedly proclaimed it will move forward in April to track purchases in gun stores, aiming to prevent firearms related crime.

t.co

 

[76Too]

Just wait until Central Bank Digital Currency rolls out. We ain’t gonna be allowed to buy ****.

 

[wtburnette]

Buy with cash out of the classifieds. Screw these woke companies!

 

[DadSmith]

Time for gun shops to list themselves as convenience stores. Problem solved.

 

[Cameramonkey]

Im doing my best to screw them. They like to send out 12+mo no interest transfers. Not even a transfer fee. (the only card that does that Ive seen)

Just last December we wanted a new sectional (OK, the wife did, I loved the old one) and they had one of those.

So I charged it on my Amex to get the points, transferred it to discover, and now we are paying it off in full over the next 11 months. And they wont see a dime of my money via interest.

 

[indyblue]

This sucks, I've been a discovercard holder for 28 years and have enjoyed the 5% cashback program. I'm gonna have to dump them and when I do I'll let them know exactly why.

 

[KLB]

This sucks, I've been a discovercard holder for 28 years and have enjoyed the 5% cashback program. I'm gonna have to dump them and when I do I'll let them know exactly why.

And replace it with what?

From the article

Multiple payment processors such as Visa, Mastercard, and American Express have already joined a massive project to separately categorize gun shop sales.

 

[model1994]

i assume they already do this. not a stretch of the imagination when you learn about how much of our shopping habits and such data are already being collected

 

[dieselrealtor]

another option, everyone use discover card to buy guns, ammo, etc. so that the reporting numbers are interestingly high and they will know how much money they make from our base.

But yes, a ftf barter system will likely be coming.

 

[indyblue]

And replace it with what?

From the article

Well yeah, that’s my dilemma.

 

[BigRed]

Just wait until Central Bank Digital Currency rolls out. We ain’t gonna be allowed to buy ****.

Just imagine if "Americans" understood what Jefferson wrote.

 

[Ingomike]

This is what they do with the data.

Whistleblower: FBI Targeted Innocent Gun Owners Via Bank Of America Records

'Bank of America, with no directive from the FBI, datamined its customer base,' whistleblower George Hill told the House Judiciary Committee.

thefederalist.com

 

[MCgrease08]

I ditched Discover a few years ago when they blocked people from using the card from funding some other topic they didn't like. I don't remember exactly what it was. It may have been that they blocked donations to Kyle Rittenhouse's legal defense fund. Something like that.

All that said, I don't use any credit cards anymore since drinking the Dave Ramsey Kool-Aid. Debt is dumb, cash is king and all that.

 

[Ingomike]

All that said, I don't use any credit cards anymore since drinking the Dave Ramsey Kool-Aid. Debt is dumb, cash is king and all that.

CC can be cash if one is disciplined enough to pay it off early and often. You don’t have to even wait for a bill to pay it down or off. We are up to near $3000 a year in cash back for thing’s formerly paid by debit card or check. BBI gets similar value for his vacations.

My current strategy is ask for a discount for cash, if yes, cash it is, if no, CC it is for cash back…

 

[dieselrealtor]

This is what they do with the data.

Whistleblower: FBI Targeted Innocent Gun Owners Via Bank Of America Records

'Bank of America, with no directive from the FBI, datamined its customer base,' whistleblower George Hill told the House Judiciary Committee.

thefederalist.com

My professional experiences with BoA told me that I never wanted to be on the consumer side of doing business with them.

 

[MCgrease08]

CC can be cash if one is disciplined enough to pay it off early and often. You don’t have to even wait for a bill to pay it down or off. We are up to near $3000 a year in cash back for thing’s formerly paid by debit card or check. BBI gets similar value for his vacations.

My current strategy is ask for a discount for cash, if yes, cash it is, if no, CC it is for cash back…

Sure.

At the risk of turning this thread into one about the merits of debt or not, here are a couple of points on on topics you raised.

* Studies show that paying with cash activates pain receptors in the brain that don't activate when paying with a credit card. People feel the pain more when forking over Benjamin Franklins and they tend to spend less per transaction with cash. Some numbers I have seen are somewhere in the range of 20-25% less.

* Even if they pay off the balance every month, most people spend more because they are chasing after points or cash back and use that to justify putting more on the credit card than they otherwise would have. I'm sure there are some that resist doing this, but most people fall into the marketing game and use cash back and points as justification. I heard an interview with one of the marketing people at a credit card company and she described something like 16,000 different customer profiles* they built and use to get people to spend more. Some people want to get cash back. Others like airline miles. Some like interest free balance transfers. There are literally thousands of different rewards configurations they use to find the optimal package for individuals based on those personas. (It's been a while since I listened to it, so numbers may be fuzzy. Link below.)

‎The Fine Print with George Kamel: The True Cost of Credit Card Rewards on Apple Podcasts

‎Show The Fine Print with George Kamel, Ep The True Cost of Credit Card Rewards - 1 Aug 2021

podcasts.apple.com

* No one is building wealth based on airline miles or cash back rewards. Assuming a 2% cash back return, you'd have to spend $100k on a card to earn $2,000 cash back. Whoopie. How much of that $100k was money spent in the pursuit of cash back?

Ramsey Solutions recently conducted the largest survey of millionaires ever done. They studied over 10,000 millionaires to find out how they built wealth, their views on money, saving habits, behavior, income, investments, etc. Not one out of those 10,000 millionaires said they built wealth through airline miles, cash back, or vacation points. Not one.

In fact, only 6% of millionaires say they have credit card debt. (Compared to 40% of the general population). And 73% of them said they had never had credit card debt in their life. (Compared to just 34% of the general population.)



The banks are making money off you whether you realize it or not. You aren't beating them at the game they invented.

Just some food for thought.

 

[Expat]

Whistleblower: FBI Targeted Innocent Gun Owners Via Bank Of America Records

'Bank of America, with no directive from the FBI, datamined its customer base,' whistleblower George Hill told the House Judiciary Committee.

thefederalist.com

It is clear that large corporations and the Feebs are working against the American people. They despise us and the feeling is becoming mutual.

 

[DoggyDaddy]

Being discussed here.

Discover credit card? You might want to read this....

https://t.co/aE8Ho0XaBC

www.indianagunowners.com

 

[GodFearinGunTotin]

Imagine how that stoked their ESG scores. They probably got double bonus points for that.

 

[GodFearinGunTotin]

Merging threads.