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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]

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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

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[–] [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.