Current Events > Visa ad - don't use cash, like a caveman

(+) Yeah! (+)

https://youtu.be/kypPsEjSi5U

Thoughts? Personally I never carry cash. To me, cash is useless, it's money "already spent", or "free money" to me. Money only has value to me when it's in my bank accounts. If I withdraw $50, in my mind I've spent $50 - even before I spend it.
---

I didn't watch the video but lots of ma/pa places in NYC and Long Island force cash, so it's almost mandatory.

I hate it. Cash should only be for, you know...

Even some of them accept the Cash App now lmao.

---

I'm not doing anything illegal with my money, but I still kinda like not having a record of everything I buy which can be easily read by other people.

Besides, if you've ever seen caveman movies, the women were always stunning.

<_<

I always thought this add was only in Australia. It's a very annoying advertisement and I don't understand what it brings to the table vs my existing usage of Apple Pay or Samsung Pay.

---

Googled and realised Ronny Chieng is a famous Australian-based Malaysian comedian. Meh. I should support him given he's also from the same town as my family is from in Malaysia, but I still find the advertisement annoying.

---

And yet, it is still useless if the machines are down. Much like satellite TV in winter/rain.

Good luck not being able to pay since cash is obsolete.

The new was never supposed to destroy the old, it was supposed to augment it (to be combined)
---

Someone held up the line for 10 fucking minutes because a reader was down. And he had the cash the whole time. Imagine fast food mentality.
---

Don't live like a caveman, swipe a card so we can charge the business and make them raise prices too. Some places charge extra if you use a card, and now you know why. Also your paper money can't be hacked or "vanish into thin air"

It can be lost, though. And sadly there is no alternative to that.
---

Cpt_Pineapple posted...

some 12 year old from Singapore isn't going to hack the money from my wallet

check mate

Check.

Mate.

Just don't lose your wallet.
---

You should always have some cash on you otherwise you'll eventually get fucked when a stores entire pinpad system goes haywire. Literally seen people just leave their stuff on the counter and storm out. I laughed and pulled out my spare cash

Cpt_Pineapple posted...

some 12 year old from Singapore isn't going to hack the money from my wallet

check mate

No but they will pull a knife on you

---

Nah. I like feeling like a king when hand someone cash and tell them to keep the change

---

Only time I dont use cash is online purchases (obviously) and self-checkouts (is it really so hard to make one that accepts cash?)

---

With cash in your wallet, you can see how much you have to spend.

With a credit card, you have to calculate how much money you have left after you add up the cost of the item, credit card surge fee (if any), the interest on the purchase, and any other fees your bank decides to lay on in addition.
---

TreyFlowers posted...

Thoughts? Personally I never carry cash. To me, cash is useless, it's money "already spent", or "free money" to me. Money only has value to me when it's in my bank accounts. If I withdraw $50, in my mind I've spent $50 - even before I spend it.

regardless of how you think of doing your budgeting, how does that make cash useless? $50 is still $50 whether it's in your wallet or your bank account


---

Irony posted...

[LFAQs-redacted-quote]

No but they will pull a knife on you

If they get your debit card, they'll just be able to use it as a credit card if you "forgot your number"

If you got a credit card, it's levies the fault on the bank. If it's debit, it's your fault.
---

008Zulu posted...

With a credit card, you have to calculate how much money you have left after you add up the cost of the item, credit card surge fee (if any), the interest on the purchase, and any other fees your bank decides to lay on in addition.

What the fuck are you talking about Lmfao
---

konokonohamaru posted...

TreyFlowers posted...

Thoughts? Personally I never carry cash. To me, cash is useless, it's money "already spent", or "free money" to me. Money only has value to me when it's in my bank accounts. If I withdraw $50, in my mind I've spent $50 - even before I spend it.

regardless of how you think of doing your budgeting, how does that make cash useless? $50 is still $50 whether it's in your wallet or your bank account

Hackers. Sudden database failure? Do you believe this is the paperless age? You got no proof
---

ATMs charge you to get your own money, I don't need to pay $53.75 to get $50 if I have it in cash.

I also don't have to worry about the machine failing either.
---

MI4 REAL posted...

ATMs charge you to get your own money, I don't need to pay $53.75 to get $50 if I have it in cash.

I also don't have to worry about the machine failing either.

Your ATM sucks, mine has no charge

---

Even worse there is a limit to how much per day.

That means you are forced to do it more than once, and that means more $$$ to take out a certain amount.
---

Irony posted...

MI4 REAL posted...

ATMs charge you to get your own money, I don't need to pay $53.75 to get $50 if I have it in cash.

I also don't have to worry about the machine failing either.

Your ATM sucks, mine has no charge

Doesn't matter, I don't use one.
---

DuranOfForcena posted...

TreyFlowers posted...

To me, cash is useless, it's money "already spent", or "free money" to me. Money only has value to me when it's in my bank accounts. If I withdraw $50, in my mind I've spent $50 - even before I spend it.

this is a really weird and most likely financially detrimental attitude to have toward cash

I have too much disposable income tbqh
---

MI4 REAL posted...

Doesn't matter, I don't use one.

yeah.... i can tell... you obviously don't know much about ATMs


---

konokonohamaru posted...

MI4 REAL posted...

Doesn't matter, I don't use one.

yeah.... i can tell... you obviously don't know much about ATMs

So what?
---

konokonohamaru posted...

MI4 REAL posted...

Doesn't matter, I don't use one.

yeah.... i can tell... you obviously don't know much about ATMs

I don't use ATMs, therefore I know nothing about ATMs.

That's like saying "I breathe air"
---

konokonohamaru posted...

regardless of how you think of doing your budgeting, how does that make cash useless? $50 is still $50 whether it's in your wallet or your bank account

I actually agree with Trey on this. I wouldnt go so far as to say I have too much disposable income but to me I consider cash in hand more like petty cash since Ill only ever use it on small items or in the few places where I cant use card. I dont actively keep track of it but I like to ensure I have a minimum float of cash both in my wallet as well as in my house in case I ever need it.

---

Did cavemen even use cash? I'm tired of these misleading commercials

I absolutely hate carrying cash, always have. Always will.

---

Completely cashless businesses (and encouraging people to drop cash) is classist as fuck and screws over the poor

TreyFlowers posted...

https://youtu.be/kypPsEjSi5U

Thoughts? Personally I never carry cash. To me, cash is useless, it's money "already spent", or "free money" to me. Money only has value to me when it's in my bank accounts. If I withdraw $50, in my mind I've spent $50 - even before I spend it.

This is an extremely bad way to look at money lol
---

butthole666 posted...

Completely cashless businesses (and encouraging people to drop cash) is classist as fuck and screws over the poor

This is an extremely bad way to look at money lol

I make 32k a year and have a bank account. I used to live out of my car briefly too.

---

I like how they're trying to stigmatize cash. They know they don't make any money from cash purchases, but they can charge you service fees and transaction fees to the store. Of course they're going to stigmatize cash purchases. Fuck you, Visa.

---

Whilst I hate the ad and don't even use the Visa app, I'm surprised at how much resentment there is towards cashless promoters. I think in Australia (and much of Asia), cashless either through a central bank endorsed system or through a transport card which can be used to buy things has become the norm for most people. Most accounts are fee-free and come with a visa or master debitcard here, and even if you do want to withdraw cash, the 4 major banks all eliminated ATM fees even for other banks cards...

---

butthole666 posted...

Completely cashless businesses (and encouraging people to drop cash) is classist as fuck and screws over the poor

Poor people can't have credit cards? Huh?
---

gloBal enemy posted...

Whilst I hate the ad and don't even use the Visa app, I'm surprised at how much resentment there is towards cashless promoters. I think in Australia (and much of Asia), cashless either through a central bank endorsed system or through a transport card which can be used to buy things has become the norm for most people. Most accounts are fee-free and come with a visa or master debitcard here, and even if you do want to withdraw cash, the 4 major banks all eliminated ATM fees even for other banks cards...

Probably because these corporations are actively working to make all transactions go through them. That's a tremendous power grab and they do it with the excuse of catching illegal activities or modernization.
---

008Zulu posted...

With a credit card, you have to calculate how much money you have left after you add up the cost of the item, credit card surge fee (if any), the interest on the purchase, and any other fees your bank decides to lay on in addition.

So cost of item+0+0+0. Really hard. <_<

---

Fuparulez posted...

butthole666 posted...

Completely cashless businesses (and encouraging people to drop cash) is classist as fuck and screws over the poor

Poor people can't have credit cards? Huh?

Not everyone has a bank account, friend.
---

uwnim posted...

008Zulu posted...

With a credit card, you have to calculate how much money you have left after you add up the cost of the item, credit card surge fee (if any), the interest on the purchase, and any other fees your bank decides to lay on in addition.

So cost of item+0+0+0. Really hard. <_<

You know of a bank that has zero interest (interest free for x months is still interest) on purchases, no yearly fees, nothing like that? I'd like to see the proof of that if you don't mind.
---

008Zulu posted...

uwnim posted...

008Zulu posted...

With a credit card, you have to calculate how much money you have left after you add up the cost of the item, credit card surge fee (if any), the interest on the purchase, and any other fees your bank decides to lay on in addition.

So cost of item+0+0+0. Really hard. <_<

You know of a bank that has zero interest (interest free for x months is still interest) on purchases, no yearly fees, nothing like that? I'd like to see the proof of that if you don't mind.

How much interest do you get charged on a credit card purchase you pay off by the statement payment due date?
---

So many anti-credit card CEmen here swearing by cash.

My summer vacation in France was almost entirely paid out by points - chase sapphire points for hotels, AmEx points for the flight. All I paid for were meals and boarding for my dog.
---

SK8T3R215 posted...

How much interest do you get charged on a credit card purchase you pay off by the statement payment due date?

none

---

008Zulu posted...

You know of a bank that has zero interest (interest free for x months is still interest) on purchases, no yearly fees, nothing like that? I'd like to see the proof of that if you don't mind.

Disregarding the real interest free period until statement due date on credit cards, there are products which really do have no annual fees, and some even earn decent reward points/etc.

That being said, all that infrastructure whether it be the issuance of cards, the online security, the liquidity to be able to pay for your stuff whilst they wait for you to pay them, etc... that costs them money and that's why they charge merchants/etc.

The real argument if you were pushing for this is that the proliferation of cashless payment methods which include transaction costs is driving up the prices of goods and services as a result of merchant fees which need to be absorbed/built into the prices. The flipside to this though is that the cost of handling physical cash also has been going up because whilst you may not think it costs you anything to use cash, the reality is that it costs the business having to deal with handling it whether it be storage in the cash register, the risk associated with holding cash, the need to reconcile and deposit/manage it with their own bank, etc... and it very quickly becomes inefficient to hold any more the bare minimum in cash for many businesses.

---

I grew up using cash because my parents primarily made money from tips. I always figured cards were people who "made it." Commercial is class-ist af.
---

Squall28 posted...

I grew up using cash because my parents primarily made money from tips. I always figured cards were people who "made it." Commercial is class-ist af.

Going cashless has made it significantly less likely for people to round up/tip was one of the concerns when NFC payments started coming in.

---

visa is trying to handicap us in a crisis.... power outages are no problem. we don't take card in power outage so there's no food until it gets back up.

11 years ago those nasty storms knocked out power for 6 days, the year before that was 2.
you'll never forget the smell of spoiled chicken.
---