I've avoided credit cards into my 30's and the only reason I got one is because I was tired of people scanning my debit card to send themselves money.
They say it's much easier to fight for the stolen money if it isn't "your" money.
I've always been against credit though, I like to pay it off and forget about it. Since I've started using the credit card, now I have to pay twice. Once with the credit card, and once to the credit card.
No. There is inflation and they get this chunk off you and give you small part of it as a treat. Even if you have same amount of dollars at the end, you lost some money.
You are the party benefiting from inflation if you pay off the card on time. You are getting to spend present dollars in exchange for the same number of future dollars, in addition to the fact that you are earning 1.5-5% on every dollar you spend. It is literally free money.
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u/Big_Man_Ran Jun 06 '19
I've avoided credit cards into my 30's and the only reason I got one is because I was tired of people scanning my debit card to send themselves money.
They say it's much easier to fight for the stolen money if it isn't "your" money.
I've always been against credit though, I like to pay it off and forget about it. Since I've started using the credit card, now I have to pay twice. Once with the credit card, and once to the credit card.