Re:Credit Card Debt Collection
by ATMLOTTOBEER on Wednesday September 13, 2023 @03:27PM
(#37500622)
Paying your credit card off fully every month ensures you don’t pay any interest (use it like a debit card). Wrt the earning interest point, consider that with a credit card you still get interest on the money you don’t spend, and you can also collect interest on the money you do spend (eg I buy something for $100 on the 15th, I can collect interest on the $100 until I have to actually pay the bill on the 1st of next month). Not to mention that you also pay 1-1.5% less for everything you use a card for due to cashback schemes. I definitely see why it might seem weird the way Americans use credit cards but it is mostly rational.
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Re:Credit Card Debt Collection
by LorenPechtel on Wednesday September 13, 2023 @04:14PM
(#37501166)
Yup. For a responsible user there simply is no downside to using a credit card in most situations.