Community Chat

[Trinity11]

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@kitcat51wrote:

I could do cash but won't, you need a cc to rent a car & a hotel room & they help build a good credit score that effects car insurance, mortgage rates & more. Paying the entire balance off every month isn't good for your score either, I have 3 cc's  & keep small balaces on 2 for several months a year then make the monthly payments early before paying them off, the 3rd I use for most purchases since it has great cash back & it's paid off every month. I've worked hard to build a my credit score over 800 since I've lost my pension & will have to sell my home, you need a high score to be considered for a place with reasonable rent where I live.

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@kitcat51Our scores are always over 800 and we always pay off everything monthly with no interest. Where did you get the idea that keeping balances makes your score higher? I have never heard that.... Why pay interest??

[ccassaday]

There is studies out there that if you use actual cash you will spend less then using a CC or debit card. You seem to think about what your purchasing more if you use cash. I think it’s different for everyone. As long as you have a written budget every month telling your money where to go and  and stick to it you won’t spend more then using cash.

[OKPrincess]

We have one credit card and it is set up in our checking account to be paid in full on the due date. Use debit card for everything else.

[ccassaday]

I don’t have a CC. I have a chase visa liquid card which I keep money on. I usually put some money on it every month for online shopping. Since I am disabled most my shopping is done online. There is a $4.95 fee every month for the card. But I think that’s pretty cheap compared to most prepaid cards and I like the convenience of it. And because I only put money on it when I make purchases no one is going to get a ton of money if it is hacked.

[Zhills]

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@OKPrincesswrote:

We have one credit card and it is set up in our checking account to be paid in full on the due date. Use debit card for everything else.

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The only difference is the date  the money actually leaves your account.  I do this also.

Why would I give up the convenience?

[GCR18]

I guess I could, but it would come with a lifestyle change.  I took a 2000 mile round trip only with cash.  It was a PITA at gas stations.  I had to put a $100 deposit on the hotel room.  Last year I took nine flights to visit family.  I guess I could buy my ticket at the airport with cash, I live close to our regional airport.  I didn't have to rent a car.  Not being able to shop on line would kill me.  I guess I could pay at some places with a check.

[DiAnne]

I could probably live without any credit cards but I don't want to.  I get great cash rebates from my Costco Visa, "points" from Amazon and Nordstrom cards.  Pay all cards in full every month.  I did get rid of my debit card a few years ago and went back to cash or checks.  I find I spend less that way. 

[ALRATIBA]

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@ Montanawrote:

No, because I buy so many things online.  I pay the bill in full each month, so not paying any interest.

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@ Montana

I agree.  That's the way to go.  I haven't paid any credit card interest in more than 10 years. 

[Zhills]

My first thought was, "I suppose they would take cash for the hay to feed your horse to pull the buggy." 

I really did not want to be snarky.

There is a big difference in having and using the convenience of credit or debit cards and having Credit Card debt.  That's a nono!

[haddon9]

It would be difficult to visit my mother in Florida...how does one buy airline tickets without a credit card?

It makes live much easier when shopping online, at the supermarket, ordering tickets for a show, renting a car, booking a hotel, etc.  Why would I want to make life more difficult and go without one?