Fact. That interest is crazy. My father has several credit cards and always made the minimum payment. He was scammed out of tens of thousands of dollars over the years. He had good steady income. Why always pay with credit?
Well, credit cards are useful for lots of things. Consumer protection on credit cards is amazing. I always buy electronic devices on credit, as you get added warranty on all your purchases. Also, the various rewards programs. I get tons of shit for free, throughout the year, because of it. The trick is to never spend more than you earn, which is hard to do for most people, for some insane reason. I don't even care what the interest rate is, on my card, because I always pay it in full every month. I haven't paid a cent in interest ever since I got my shit together and started being financially responsible.
I always buy electronic devices on credit, as you get added warranty on all your purchases. Also, the various rewards programs. I get tons of shit for free, throughout the year, because of it.
You've been monetarily conditioned.
Welcome to the New World Order.
No, you simply have to play the game on your terms.
Most people carry a balance. This is them being retarded. If people simply used credit cards instead of allowing creditors (banks) to abuse them, they'd never ever fucking have them.
You never put more than what you can pay off immediately on a credit card, then pay it ALL off before you get hit with a single penny of interest . Normal people do this. The second you spend more than you pay or the second you don't pay back before the terms say and that's when they win. Until then, it's you beating them at their own game.
Sort of. I'm just aware of the game, understand its rules, and can use them to my advantage— so I do. I'm well-aware of how to hide the spending that I want to keep to myself, as well. I have thousands in BTC. I'm prepared to walk-away from society at a moment's notice, thanks to all this corona crap.
i make about $2,000 a year on credit card rewards programs, and pay about $12 a year in fees due to not carrying a balance over to the next month.
I pay the things off weekly, they offer protections that my debit cards dont especially with all the traveling i do. Then in the past year with the card skimming going on around my city it's saved me alot.
They care more about protecting your money than your debit card does.
You pay them off every week so theres never a balance for them to charge interest on. If you cant do that then dont bother having one.
I pay the things off weekly,
What do you buy?
They care more about protecting your money than your debit card does.
A Mason jar and a shovel work for me.
When I opened my first bank account, they still paid you monthly interest on your savings.
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