Some people think my wife and I are crazy for never owning a credit card and should get one. We are 22 with no debt besides our house. I guess we aren%26#039;t fixated on our credit score like many other people. We own debit cards but have never felt the need to get a credit card. From all that I have heard, credit cards can do a whole lot of harm, but not that much good. So why do people have them? Any thoughts are much appreciated, thanks!
Why do you own a credit card?
People have credit cards for four reasons:
1. They believe the myth that you %26quot;must have credit to survive%26quot;.
2. (I%26#039;m stealing someone else%26#039;s words) So they can buy things they can%26#039;t afford with money they don%26#039;t have to impress people they don%26#039;t even like.
3.Somebody told them it is %26quot;good to have one%26quot;.
4. They think credit is the only way to purchase a vehicle, make hotel reservations, buy airline tickets, or buy anything online, when in fact you can do all of those things with a debit card as long as you have the funds to cover whatever you are purchasing.
Again, I%26#039;m stealing someone else%26#039;s words here: You are not crazy, you are just weird. Normal is broke, and if normal is broke, I%26#039;d rather be weird.
Why do you own a credit card?
Because you can%26#039;t rent a hotel room without one...
Why do you own a credit card?
because most people are not like you- most people are horrible with money, therefore they get credit cards to help them out in financial situations.. it sounds like your wife and you are doing really well... to be 22 and not have a credit card is a wonderful and fantastic thing. having credit cards becomes a burden.. even if you don%26#039;t use it- some companies make you pay a monthly charge for not using them.. also there is the risk of losing your card and having unauthorized charges..
anyways you should be proud that you never needed a card
Why do you own a credit card?
So they can buy things that they can%26#039;t afford at one time. Why didn%26#039;t you pay cash for your house? Same concept. Many people however misuse credit and it ruins their credit score. You%26#039;re not bad for not having a credit card and they aren%26#039;t bad for having one as long as they are using it wisely. It%26#039;s a personal decision.
Why do you own a credit card?
Having a credit card increases the amount of available funds you can have. If it is treated right and you pay the balance off that you incure for the billing period, then it builds your credit score and proves you are credit worthy. It also helps to have a credit card in case of any sudden emergency that is unforeseen.
Why do you own a credit card?
i dont they are bad because you can go over the money thats on the card.
Why do you own a credit card?
order stuff online?
paypal
i was told it is good to have at least one credit card
Why do you own a credit card?
if you can be responsible with a credit card, it can make things easier.. i used to struggle from pay check to pay check and then one day my truck broke down.. i needed my credit card to get it repaired.. i aslo need a cash advance once to pay for my security deposit on my apartment when i forgot my check book... my debit card only allows me to take out so much money in a single day
Why do you own a credit card?
you have debit cards, which means you pay your debts in full at the time of purchase. Congrats. You have the correct mentality to own a credit card.
I own a credit card for emergencies. I use it all the time, but pay it in full every month, so it is like a regular bill. My limit is increased as I pay it off, so my purchase power increases. This allows for 2 things to happen.
1.God forbid, I should be incapacitated in some way. (I broke my back years ago and lived on the credit card for 4 months while I recouped. It covered the items for which I didn%26#039;t have cash in my bank account at the time, as I did not have income.) My regular bank account covered rent and utilities. The card bought pharmaceuticals and dr bills, etc.
2. My beacon is so high now, that last year I test drove a car I fell in love with. I drove it home on a Friday afternoon, and didn%26#039;t fill out any paperwork until the following Monday. When I did, I got a better rate than the one the dealership was offering. High beacon scores mean lower financing rates.
I highly recommend it. Get one, but keep your current practices. Pay it off in full every month. If you ever need to refinance your home, or get a car, you%26#039;ll be glad for the interest rate, and the minimal hassle!
Why do you own a credit card?
Having a credit card helps you build your credit file, just as your mortgage is doing. It is just another way to prove to the credit industry that you pay your bills on time.
Personally I use my credit card as a convenience to buy gas, groceries, and online purchases (actually for everything...I don%26#039;t carry cash). I would never use my debit card for an online purchase. Once someone got a hold of my credit card number and charged 50.00. I would rather them charge credit, than to have it taken out of my bank account. I pay the entire balance when it becomes due, so I don%26#039;t pay a finance charge.
Why do you own a credit card?
Because you can not get an airline ticket, a hotel room, or a rental car from your home when making reservations.
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