I have never had someone judge me that way, but a lot of people believe credit cards are bad and its better to use debit. It is mainly because they do not understand how credit cards really work The whole idea that if you want to save money you need to cut your credit cards up. Of course, there are some people out there who just can't help but spend money and run up their credit cards on things they don't need. Those types of people shouldn't have credit cards.
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@red259 wrote:I have never had someone judge me that way, but a lot of people believe credit cards are bad and its better to use debit. It is mainly because they do not understand how credit cards really work The whole idea that if you want to save money you need to cut your credit cards up. Of course, there are some people out there who just can't help but spend money and run up their credit cards on things they don't need. Those types of people shouldn't have credit cards.
I sort of had conversation with an friend of mine about credit cards. He doesn't quite understand why i have so many card for different purposes. He was like are you laundering money with all those cards lol. He just doesn't believe in cash back or rewards CC, the only cc he would ever want to get is low apr or maybe an BT card.
@mongstradamus wrote:
@red259 wrote:I have never had someone judge me that way, but a lot of people believe credit cards are bad and its better to use debit. It is mainly because they do not understand how credit cards really work The whole idea that if you want to save money you need to cut your credit cards up. Of course, there are some people out there who just can't help but spend money and run up their credit cards on things they don't need. Those types of people shouldn't have credit cards.
I sort of had conversation with an friend of mine about credit cards. He doesn't quite understand why i have so many card for different purposes. He was like are you laundering money with all those cards lol. He just doesn't believe in cash back or rewards CC, the only cc he would ever want to get is low apr or maybe an BT card.
My ex-girlfriend started laughing one day when I had to go into my wallet to get something and she saw all the cards in there. Honestly most people don't want to go through all the effort to earn points and learn about bonus categories etc. The main reason I do it is because I enjoy it (in a close second is the fact I like the rewards and I want to build my credit profile), but I'm not sure its worth all the effort if you do not enjoy it.
@signaturecardmember wrote:Lots of uneducated people out there on CCs. I am glad I found this forum and if it wasnt for the rewards I would still be using debit day to day.
why not get something back for stuff you are going to buy already :-) I didn't know about shopping portals for an long time , i didnt know what i was missing lol
@mongstradamus wrote:
@signaturecardmember wrote:Lots of uneducated people out there on CCs. I am glad I found this forum and if it wasnt for the rewards I would still be using debit day to day.
why not get something back for stuff you are going to buy already :-) I didn't know about shopping portals for an long time , i didnt know what i was missing lol
My ex thanked me the other day for the miles she started earning through united dining. She got like 500 miles without even realizing it. I got her to do it because it was simple and did not require any effort other than signing up. Now she just earns miles without even trying. I think most people tend to be the same way. If you make it easy for them they will do it. If it requires effort than not so much.
@red259 wrote:
@mongstradamus wrote:
@red259 wrote:I have never had someone judge me that way, but a lot of people believe credit cards are bad and its better to use debit. It is mainly because they do not understand how credit cards really work The whole idea that if you want to save money you need to cut your credit cards up. Of course, there are some people out there who just can't help but spend money and run up their credit cards on things they don't need. Those types of people shouldn't have credit cards.
I sort of had conversation with an friend of mine about credit cards. He doesn't quite understand why i have so many card for different purposes. He was like are you laundering money with all those cards lol. He just doesn't believe in cash back or rewards CC, the only cc he would ever want to get is low apr or maybe an BT card.
My ex-girlfriend started laughing one day when I had to go into my wallet to get something and she saw all the cards in there. Honestly most people don't want to go through all the effort to earn points and learn about bonus categories etc. The main reason I do it is because I enjoy it (in a close second is the fact I like the rewards and I want to build my credit profile), but I'm not sure its worth all the effort if you do not enjoy it.
I originally tried to fix my credit so in case i ever wanted to find a job in financial sector , it would probably would be an bit easier in that respect. Also i wanted to get best rates for next time i need an auto loan.
Now its more about maximizing rewards. In general though getting something back for spending money is better than getting nothing, which is what happens when you use debit card in most instances.
A few at work freak out when i talk about my credi cards cuz they are so shocked of me having so many and so much credit, The rest are happy and know i am so smart with finance.