Why Do people DISS credit cards so Hard?

http://www.ewisdom.com/r/index.php?10071

http://www.credit-card-gallery.com/cc.ph...

(same card, same link on both of those pages!! )

1. DO the people that suggest staying away from Credit Cards (Debt) not realize you have to have credit no matter what? I'm doing this because i have to... i.e. buildin good credit to avoid higher loan rates in the future for a house or a new car...

2. well i applied for the card and i got %26quot;APPROVED%26quot;, so thats that right? i'm set, goood to go? that easy huh?

once I get the card will only use it to finace this trip gas charges oNLY $800-1200... and once i come back, pay it off right away...

or ideally USE it to pay my normal MONTHLY bills/fee's, ect, ect. with the idea in mind to PAY IT OFF MONTHLY and on time and then i'm good, its a WIN/WIN.. i get rewards for the usage,, i build up a good credit history..

i can' fanthom what the problem is? or what the big hub bub or danger of it all is?

please feel free to chip in?!!

oNe

Why Do people DISS credit cards so Hard?

The hub bub is when you DON'T pay that 800 balance off! And just keep adding to it

Why Do people DISS credit cards so Hard?

i don't have one myself, but i think the problem is that most people don't pay right away, and their interest builds up. Personally, if it were me, I would pay off each month entirely to not fall into that trap that millions have. I believe that is why most people have a bad feeling in their gut when credit cards come up in conversations. You seem to be very responsible with yours, so you will undoubtedly be fine with the credit card aspect of your financial endeavors.

Why Do people DISS credit cards so Hard?

If you have student loans, and youre paying them back on time, youre already building great credit.

If you have a car note that you pay on time, youre building great credit.

Credit cards charge you high interest rates for things you can already pay for in cash. If you dont have the cash for it, why are you buying it? Save your money and dont pay unneccessary interest.

******You dont need a credit card to buy online, either. If you have a DEBIT card with a Visa or Mastercard logo, you're good to go.

Why Do people DISS credit cards so Hard?

Interest is what kills people and what credit card companies love because it makes them so much money. People who don't pay their first bill just are in a whole lot of trouble because the debts just keeps increasing.

Why Do people DISS credit cards so Hard?

Maybe they speak from personal experience. I do.

You don't need credit cards. Period. You absolutely don't need them and anyone who tells you that you do, lies.

You do need a credit card to rent a car, and to pay for things online. Those two things aren't necessary aspects of life. So credit cards are still not *needed.*

You do not need credit cards to build credit. You can take out a loan from the bank and it will accomplish the same thing. You can save up to buy just about anything. If you save up enough down on a car or a house for example, the bank will give you a loan anyway, whether you have credit or not.

There are a lot of people in this country who are in WAYYYYY over their heads in credit card debt. *That* is why people are %26quot;dissing%26quot; credit cards. So many people wind up carrying a balance on them and paying rip-off rates of up to 30% for things they didn't even need in the first place. Some people are just too compulsive to have cards.

Did you know that there was a study done by Dunn and Bradstreet that said that people who use credit cards spent 12-18% more per shopping trip than people who used cash. It's psychological apparently for most people. It seems okay to spend more on a credit card if the available credit is there, but when you're out of cash in your wallet, you're out of money and can't spend any more. So many people approach credit cards as being money that they have in the bank, when really it's the bank's money that you're borrowing.

http://soundmoneytips.com/article/20333-...

Haven't you heard people say %26quot;I'm in debt $30,000 and I don't even know what I spent it on!%26quot; If you haven't heard that you haven't been reading this forum enough.

Why Do people DISS credit cards so Hard?

There is no problem with credit cards. It's the people who are irresponsible that have them. They are the ones complaining that they are getting ripped off with interest rate charges and fees. The problem is that they are uneducated about finances in life.

If you use them wisely, over time you get the lowest interest rates when you buy cars, houses, rental property for the rest of your life. Also, in most companies, they won't hire someone who has a bad credit score.

The KEY is to pay off monthly. I've been doing it for over 10 years. I have the best credit score, car companies give me a 0% loan for 36 months (what a deal!) when buying a car. Rewards cards give me 5% back on gas (Current CC only do 3% now). I'm saving hundreds in gas each year.