Personal Finance

3855 readers

33 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago

MODERATORS

[email protected]

Do you use a credit card? Why or why not? (discuss.tchncs.de)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

76 comments fedilink hide all child comments

I know this might just reflect financial culture differences across countries, but let's give it a try

Edit: as a clarification, I meant credit card compared to debit, not to cash

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 1 year ago

Get a better credit card. I have like 10, and they are all automatically paid every month. Go with one of the big credit card issuers, like Chase, Discover, Citi, or Capital One.

But it absolutely is intended to trap people into paying interest. They want you to charge more than you can afford to pay back, but if you have a healthy amount of cash in your bank account, you'll never need to worry about paying interest with a credit card. I haven't had an issue with autopay in over 10 years of using credit cards.