Cash Only Basis

[wpe3bql]

Do you live without using your credit card?

No.

 

[annsni]

I'm going to be going out today to start my Christmas shopping and I need to work hard because on Friday I'm traveling 7 hours to get my dad from my brother's and I'd love to have all of the gifts for my brother and his family shopped for and wrapped so I can bring it down. I'm thinking that I just may simplify and just bring one credit card with me. I have plenty of money set aside for Christmas but I can get some points AND not have to carry a wallet around with me.

 

[cross89]

I don't use credit cards because I don't like paying interest on the things I buy. If I can't afford to buy it in cash why would I buy it plus 15-29% interest. Credit cards are legalized loan sharks with how high the interest is. It has always bothered me that to build good credit, it's recommended to college students to get a credit card on top of having those huge college loans.

 

[evenifigoalone]

Not even going to get a credit card until it becomes necessary. I do use a debit card connected to my checking account, though, and it operates like a credit card.

 

[Salty]

Not even going to get a credit card until it becomes necessary. I do use a debit card connected to my checking account, though, and it operates like a credit card.

Not exactly, if it is stolen - your checking account could be wiped in no time.
If you buy gas at the pump - they may put a hold of up to $100 on your account - even if you only end up buying $10 worth of gas.( could take 3-4 days to release that hold on your account)
Here are advantages and disadvantages

 

[NaasPreacher (C4K)]

I don't use credit cards because I don't like paying interest on the things I buy. If I can't afford to buy it in cash why would I buy it plus 15-29% interest. Credit cards are legalized loan sharks with how high the interest is. It has always bothered me that to build good credit, it's recommended to college students to get a credit card on top of having those huge college loans.

There are no interest shares if you pay the full bill every month on time.

 

[John Yurich]

Do you live without using your credit card?

Yes.

 

[JohnDeereFan]

I don't use credit cards because I don't like paying interest on the things I buy. If I can't afford to buy it in cash why would I buy it plus 15-29% interest. Credit cards are legalized loan sharks with how high the interest is. It has always bothered me that to build good credit, it's recommended to college students to get a credit card on top of having those huge college loans.

I agree but, in all fairness, if you have even decent credit, it's really easy to open a new 0% account. I get three or four offers per week.

 

[Reynolds]

Do you live without using your credit card?

I buy everything with my credit card. Pay it off every month though.

 

[Brent W]

I have one credit card and have managed to reduce my monthly payments down to just the essentials with a few things for entertainment purposes. Growing up I was exposed to Dave Ramsey and while it didn't stick at the time I do try to live that kind of lifestyle these days. I try to keep as much cash on hand as possible and only use credit cards if needed.

 

[Salty]

I normally have a petty cash fund of $50 per month.
Larger purchases I put on my card -
I am a little strange - I spend less with a card , than I do with cash.

 

[StefanM]

I use a credit card at gas stations. That way, if there is a skimmer, my bank account isn't compromised. I can live with having my credit card account temporarily frozen, but I can't live with having my bank account cleaned out.

 

[Praying]

I have a card that every 3 months it will give 5% cash back on things you purchase. So from Oct. through Dec. it was for places like Sam's club, B.J's wholesale and Cosco along with Amazon this year. So yes I used it for Christmas and such. But always pay it off when the bill comes in. In a three month time period for groceries and gas I made almost $200. I just use that to pay off my bill and a check to send for anything over that amount. It's like getting free groceries and gas. I have never paid interest on any card because that would defeat the cash back deals. I always pay back the full amount each month.