no more credit cards at HDFS
Seasoned HDF Member
Joined: Nov 2009
Posts: 15,705
Likes: 22,718
From: Farmington ,MS
This is becoming very common...companies don't want to keep the service to see if a check is good...because so few people use them now...checks and paper money will dissappear soon.
Grand HDF Member
Joined: Aug 2014
Posts: 3,606
Likes: 1,595
From: Eastern Ohio
I have a student loan with Navient. They no longer accept credit card payments either. Only debit or checking transfer. I was wondering if some legislation went into affect when I saw that. Big brother trying to keep the masses from bankrupting themselves.
Tourer
Joined: Sep 2015
Posts: 278
Likes: 43
From: Central IL
You should see what the CC companies charge the retailer for accepting Rewards cards...
Outstanding HDF Member
Joined: Aug 2015
Posts: 2,651
Likes: 1,278
From: PA
Dont get frustrated with people that have shitty credit or an antiquated way of thinking that bash credit card use. Let them walk around with wads of dollar bills/loose change and be the guy holding up the line trying to write a check...... If you are responsible and the key word is Responsible there's nothing wrong with paying with a card and then pay the balance off before it posts the following month. I've done it for years and received thousands of dollars worth of cash back. I never purchased nothing with a card that I didn't have the actual $$$ sitting in my bank account. If I'm gonna earn 1-3% cash back why the hell wouldn't you earn money for spending money???
Supporter
Joined: Oct 2009
Posts: 2,056
Likes: 248
From: Milton Mills NH
I'm guessing it just makes good business sense, as I assume they're losing a 3% or so fee with a CC payment.
If someone is making a loan payment with a CC, it would seem to me they can't afford the loan in the first place.
Wouldn't think it would be worth it just for the points, but it wouldn't be the first time I was wrong.
Why wouldn't a person just have their payment electronically deducted from their checking or savings?
No charge for the service and you don't have to think about the payment, it just happens.
If someone is making a loan payment with a CC, it would seem to me they can't afford the loan in the first place.
Wouldn't think it would be worth it just for the points, but it wouldn't be the first time I was wrong.
Why wouldn't a person just have their payment electronically deducted from their checking or savings?
No charge for the service and you don't have to think about the payment, it just happens.
Seasoned HDF Member
Joined: Sep 2013
Posts: 6,174
Likes: 1,960
From: Great State of Canada
Use the card to pay the loan payment, get points/rewards/miles/whatever on the card, then pay card off again the following day out of checking account. Minimal effort once you get a couple auto payments set up, and basically free CC rewards.
My wife works for a small company, the boss keeps the business CCs maxed every month, reaps the airline miles and whatever other rewards on like 100k of credit every month, but pays them off every month to avoid the interest.
My wife works for a small company, the boss keeps the business CCs maxed every month, reaps the airline miles and whatever other rewards on like 100k of credit every month, but pays them off every month to avoid the interest.
Different country, different rules but here, if you use CC to pay a financial institution you get nailed for same charges as a cash advance. It would be dumb to do that here. Purchase goods and services, you have 20 days to pay and no up front fee.
Road Warrior
Joined: Dec 2011
Posts: 1,785
Likes: 189
From: Louisiana
I don't like it when people pay their bills at my office with a CC - I lose money. However, I accept credit cards because at least people pay their bills (most of the time) if they have that option.
I pay for a lot of office expenses on a CC - get a few hundred $$ back every month - and pay off the balance every month. "Free" money, as far as I'm concerned. (And yes, technically, putting something on a credit card is a loan.)
I pay for a lot of office expenses on a CC - get a few hundred $$ back every month - and pay off the balance every month. "Free" money, as far as I'm concerned. (And yes, technically, putting something on a credit card is a loan.)
Road Captain
Joined: Feb 2017
Posts: 631
Likes: 153
From: Brea, CA
i setup them up on autopay from my account
HD Forum Stories
The Best of Harley-Davidson for Lifelong Riders
8 Best Harley-Davidson Motorcycles Ever
Pouria Savadkouei
10 Worst Harley-Davidson Motorcycles Ever
Pouria Savadkouei
Killer Custom's Jail Break Is The Breakout That Refused to Blend In
Verdad Gallardo
Crazy Bunderbike Build Looks Amazing, But Is It Impossible to Ride?
Verdad Gallardo
Harley-Davidson Reveals Super Cool Cafe Racer Concept
Verdad Gallardo
Engraved Rebellion: Inside Bundnerbike's Glam Rock II
Verdad Gallardo
10 Motorcycles You Should Never Buy
Joe Kucinski
10 Things Harley-Davidson Needs to Fix in 2026
Verdad Gallardo
Southpaw Super Glide: A Left-Hand-Drive 1979 Harley FXE Built to Fit the Rider
Verdad Gallardo
Advanced
Joined: Dec 2016
Posts: 77
Likes: 57
From: USA
It is proven that you will spend more money with a credit card than with cash.
I think cash back and points are crap to make you feel good about spending with your credit card. That's all that is. No one is getting rich off "points" and 1% cash back. And you can be sure the credit card companies do not have your best interest at heart. They are not doing you a "favor". It's marketing crap. "I'm getting free money" Really? You are buying $100 worth of junk to get a dollar back. And how much money are you spending to get a free airline ticket? Just buy the dang ticket and be done with it..
I think cash back and points are crap to make you feel good about spending with your credit card. That's all that is. No one is getting rich off "points" and 1% cash back. And you can be sure the credit card companies do not have your best interest at heart. They are not doing you a "favor". It's marketing crap. "I'm getting free money" Really? You are buying $100 worth of junk to get a dollar back. And how much money are you spending to get a free airline ticket? Just buy the dang ticket and be done with it..
Last edited by ford13; Mar 3, 2017 at 06:36 PM.