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Do any of you guys buy bullion and pay by credit card?

PerryHallPerryHall Posts: 46,140 ✭✭✭✭✭
in Precious Metals
Most of the bullion dealers take credit cards but you lose the cash discount and you have to pay a 3% or so premium. I can't imagine too many people paying by credit card with this penalty. I have one coin club buddy that pays by credit card but he is very impatient and figures that a credit card is safer.

Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire

Comments

  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    I buy bullion ... but do not pay via cc.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • nibannynibanny Posts: 2,761 ✭
    I usually pay with personal check, too much convenient. 3% in bullion is a lot.
    Though, sometimes when I find good deals on small purchases or need to push the payment back to the next month, I use my cc.
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • johnny9434johnny9434 Posts: 28,336 ✭✭✭✭✭


    << <i>I usually pay with personal check, too much convenient. 3% in bullion is a lot.
    Though, sometimes when I find good deals on small purchases or need to push the payment back to the next month, I use my cc. >>

    i do to as well sometimes. i try not to cause of the 3% but it does come in handy
  • mariner67mariner67 Posts: 2,746 ✭✭✭
    No.
    As stated, about 3% less with a check.
    Longer to receive but worth the savings.
    Stacking for longer term so never need them fast.
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • johnperk747johnperk747 Posts: 582 ✭✭✭

    I have used CC with Gainesville my last 2 buys (I gave the wrong CC once & tried to change it the next day. They would not let me, so was a little mad about that as I'm working on getting Air Miles to take wife to Hawaii image

    With MCM can do a "direct bank to bank" transfer, so no extra cost like a wire fee, so that works best for me !!! (and great service!!!)

    Blessings
  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭
    Personal check takes longer to ship, but I've found prices are generally 3-4% cheaper using this payment method.
    On the flip side, using a CC ships faster and some CC's offer a point system. All about preference I suppose.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Never owned a credit card~ so noimage
    Avid collector of GSA's.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,365 ✭✭✭✭✭
    I always use my credit card on ebay as there is no cost.

    On the less common occasions when I purchase from Gainesville I use my credit card. The credit card rebate is 1.5% and I appreciate the extra 30-45 pays to pay.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • PerryHallPerryHall Posts: 46,140 ✭✭✭✭✭


    << <i>I have used CC with Gainesville my last 2 buys (I gave the wrong CC once & tried to change it the next day. They would not let me, so was a little mad about that as I'm working on getting Air Miles to take wife to Hawaii image

    With MCM can do a "direct bank to bank" transfer, so no extra cost like a wire fee, so that works best for me !!! (and great service!!!)

    Blessings >>



    Never heard of MCM. Did you mean MPM---Monarch Precious Metals?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • nibannynibanny Posts: 2,761 ✭


    << <i>

    << <i>I have used CC with Gainesville my last 2 buys (I gave the wrong CC once & tried to change it the next day. They would not let me, so was a little mad about that as I'm working on getting Air Miles to take wife to Hawaii image

    With MCM can do a "direct bank to bank" transfer, so no extra cost like a wire fee, so that works best for me !!! (and great service!!!)

    Blessings >>



    Never heard of MCM. Did you mean MPM---Monarch Precious Metals? >>



    Modern Coin Mart
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Always deal in cash, except for dealing with the U.S. Mint... then it is CC... Cheers, RickO
  • mrpaseomrpaseo Posts: 4,753 ✭✭✭


    << <i>Always deal in cash, except for dealing with the U.S. Mint... then it is CC... Cheers, RickO >>



    I'm with RickO here, same cash except for the mint.
  • derrybderryb Posts: 36,825 ✭✭✭✭✭
    only when the CC rewards are greater than the cash/wire discount.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>Always deal in cash, except for dealing with the U.S. Mint... then it is CC... Cheers, RickO >>



    I assume that you are equating cash with a check unless you are dealing person to person.
    theknowitalltroll;
  • UNLVinoUNLVino Posts: 416 ✭
    I use AMEX, get points and pay off when bill comes. Haven't done full analysis on whether points out weigh the premium, but at the end of the day I am in it for long run and figure it really won't matter much regardless whether they are up or down when time to sell image
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