Credit card or debit card (or cash)

RG2015

jon81uk said:

I only use cash in the barbershop as they don't take cards. Not used cash elsewhere in the UK for a very very long time.

Chinese takeaways in my neck of the woods only take cash.

RG2015

Band7 said:

RG2015 said:

That said, the Chase debit card 1.00% cashback is a much better deal than any credit card spending.  

People who use 0% credit cards might disagree.

Good point.

£300 per month at a supermarket at 1% for 12 months equals £36.

£300 per month saved on a 0% card deposited in a First Direct RS at 7% equals £136.50 (less the minimum monthly payment cost * )

* Edit  Minimum monthly cc payment adjustment at 1% would be about £4.36

Marchitiello

I have used a credit Card as default payment method for over 20 years / since I first got one, mostly as it helped with cash flow. After my initial Barclaycard, I started using rewards Credit Cards, from very early on, a combination of the NatWest Duo AirMiles card and BA Amex  in the early 2000’s and I have been collecting and using travel rewards ever since (moving the non Amex spend to Lloyds Avios Duo Card, HSBC Premier World Elite and lately even the Barclaycard Avios). I have also had and used alternatives rewards cards for specific objectives, but most of spend is rewards in Avios or Amex MR points. When abroad and/or spending in Forex, I have been settling bills with my Chase DC for the 1% cashback over the last 18 months more or less, but when Santander matched that cashback and no Forex fee during last summer, I again preferred to use their Credit Card to Chase debit card, as I like to settled spend on a monthly basis. 

ZeroSum

Use Chase for smaller amounts. 0% credit card for everything else which then gets stoozed.
Only place I use cash is barbers.

Rob5342

jon81uk said:

I only use cash in the barbershop as they don't take cards. Not used cash elsewhere in the UK for a very very long time.

The only time I use cash is in the fish and chip shop as they don't take cards either, presumably so they can avoid paying tax somehow.

RG2015

Rob5342 said:

jon81uk said:

I only use cash in the barbershop as they don't take cards. Not used cash elsewhere in the UK for a very very long time.

The only time I use cash is in the fish and chip shop as they don't take cards either, presumably so they can avoid paying tax somehow.

A fish and chip shop like any business has to pay tax on its taxable profits.

Evading tax is illegal and I am sure HMRC would catch up with them if they did this.

WillPS

RG2015 said:

Rob5342 said:

jon81uk said:

I only use cash in the barbershop as they don't take cards. Not used cash elsewhere in the UK for a very very long time.

The only time I use cash is in the fish and chip shop as they don't take cards either, presumably so they can avoid paying tax somehow.

A fish and chip shop like any business has to pay tax on its taxable profits.

Evading tax is illegal and I am sure HMRC would catch up with them if they did this.

It happens though. I have experienced dicey little restaurants which offer a 10% discount for cash... no chance their card fees are anything like that much of course.

Rob5342

RG2015 said:

Rob5342 said:

jon81uk said:

I only use cash in the barbershop as they don't take cards. Not used cash elsewhere in the UK for a very very long time.

The only time I use cash is in the fish and chip shop as they don't take cards either, presumably so they can avoid paying tax somehow.

A fish and chip shop like any business has to pay tax on its taxable profits.

Evading tax is illegal and I am sure HMRC would catch up with them if they did this.

I know they are supposed to, but if they only take cash it's easy for them to "forget" to put some of it through.

ZeroSum

Rob5342 said:

jon81uk said:

I only use cash in the barbershop as they don't take cards. Not used cash elsewhere in the UK for a very very long time.

The only time I use cash is in the fish and chip shop as they don't take cards either, presumably so they can avoid paying tax somehow.

Could just be the fees.
My local chippy takes cards, but there's a minimum £5 spend.
Which given the price these days, usually isn't an issue. Though last time I went, they've massively reduced the portion sizes.

Rob5342

I had a quick look and card fees don't seem that much different to fees for paying in cash. They would also have all the cost and hassled of taking the cash to a bank. If they paid staff and suppliers in cash then they might save I suppose, but that goes back to my first point that they can avoid tax by keeping things off the books.