Bank account for coins
CoinMan1012
Posts: 379
hello!
I was wondering if people use a credit card/ debit card to pay for coins at coin shows, and if it is worth getting one to use at this age. I know it has perks for online, but what about in the coin shows?
taylor
I was wondering if people use a credit card/ debit card to pay for coins at coin shows, and if it is worth getting one to use at this age. I know it has perks for online, but what about in the coin shows?
taylor
Just do it.
0
Comments
At your age I'd guess that cash is your only reasonable option. Besides, credit cards are evil. When you qualify for one, have it for special situations. But try not to use it.
Lance.
My dad told me - "if you can't pay for it, you can't pay for it". CC's are evil is right. 12% a MONTH - leads to trouble. Many pay 19% or 20%! Mine, (yes I have one
Best wishes,
Eric
Going somewhat astray here since you asked, I don't see what's wrong with getting a credit card but definitely pay off your entire balance month to month and on time. Don't buy what you can't afford. Those interest rates can send you into a downward spiral quickly if you carry a balance.
Taylor
For coin shows they are not normally accepted because the seller pays about 5% fee on all purchases.
At your age just for the safety factor a prepaid debit card would be my recommendation or a checking account.
<< <i>I really want a checking account to balance my budget. I don't have one, so I have to have my parents buy everything online for me.
Taylor >>
In fact that is the only way it is legal for you to do it online. Minors are not able to join into legal contracts which is what is being done when one buys online especially on eBay and any of the auctions firms that sell coins.
<< <i>I really want a checking account to balance my budget. I don't have one, so I have to have my parents buy everything online for me.
Taylor >>
Having a checking account has nothing to do with balancing your budget. Just don't pay out more than you earn.
I should listen to my own advice ...
<< <i>Hi Taylor,
My dad told me - "if you can't pay for it, you can't pay for it". CC's are evil is right. 12% a MONTH - leads to trouble. Many pay 19% or 20%! Mine, (yes I have one
Best wishes,
Eric >>
Good advice Eric , i got similar advice , if i cant pay for it i can't afford it and therefore don't need it , ive never had a credit card in my entire life , there's no need for one if you live within yer means.
<< <i>
<< <i>I really want a checking account to balance my budget. I don't have one, so I have to have my parents buy everything online for me.
Taylor >>
In fact that is the only way it is legal for you to do it online. Minors are not able to join into legal contracts which is what is being done when one buys online especially on eBay and any of the auctions firms that sell coins. >>
LOL! But a LOT of people do it. LOL! XD!
Taylor
You can open a PP account with a checking accout. No cc needed.
bob
None. That's the annual rate.
Anyway, I'd suggest that it's worth having a credit card for all kinds of reasons. The trick is to use it intelligently. Maybe difficult, but hardly impossible.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
``https://ebay.us/m/KxolR5
<< <i>In fact that is the only way it is legal for you to do it online. Minors are not able to join into legal contracts which is what is being done when one buys online especially on eBay and any of the auctions firms that sell coins. >>
...in 1997, my step-mother got a pre-approved credit card application in the mail for $500 in our dogs name... Just for giggles, she sent it back and wallah; she received a Providian Visa with a $500 credit limit in our dogs name. She never used it, but I'm sure she kept it
Erik
<< <i>Definitely go with cash! Bring only what you want to spend and when your out of cash then you're done.
...not so fast, always remember that on the floor of a bourse, you are never done as long as you have inventory to trade or re-sell... I.E. buy low; sell high
Erik
<< <i>
<< <i>Definitely go with cash! Bring only what you want to spend and when your out of cash then you're done.
...not so fast, always remember that on the floor of a bourse, you are never done as long as you have inventory to trade or re-sell... I.E. buy low; sell high
Erik >>
It is so hard to let go of what you just bought right after your purchased it, but bringing a bag of tradeables is a very smart idea indeed!
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"