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A comment on Millennials Don’t Use Credit Cards Because They Have No Money. Parent comment

Re:Millennials Don’t Use Credit Cards Because They Have No M... by pbarnes_1 on Friday August 19, 2016 @03:32PM (#12322837)
The article is arguing that they don't get credit cards to begin with, not that they don't want to get into debt.

Credit cards are valuable tools since they:

1. Offer all sorts of insurance/protection. 2. Lump multiple small transactions into one monthly debit from your checking account. 3. Offer a 30 to 55 day interest free float.

The issue is that some people have no self control. Once you start missing full balance payments all benefits are pretty much negated.

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Re:Millennials Don’t Use Credit Cards Because They Have No M... by antisthenes on Friday August 19, 2016 @05:18PM (#12323531)
Honestly, that's all this argument ever boils down to.

"I don't use CCs because I have no self-control"

It's also easily solvable by getting a credit card with a low transaction limit (say, $1000), but people who have no self-control generally aren't interested in solutions.

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