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Tafkam Hokie

Joined: 10/07/1999 Posts: 35179
Likes: 13640


They might be Dave Ramsey disciples


Which I sorta am, but I do disagree with him on his stance that credit cards are pure, concentrated evil and they have no place in anyone's life.

I get that his main listener base is people who got themselves into a lot of financial problems. So preaching the responsible use of credit is kinda like preaching the responsible use of bourbon at an AA meeting. If you are drowning in 5- or 6- figures of debt, then the last thing you need is a credit card. But there are a small number of us who have paid our credit cards in full every month, every time, without exception, for over 30 years now.

There are certainly a few cases where having a credit card makes your life easier. Ramsey will hand-wave all of those away as not worth the risk. But severely limited car rental options, basically having no credit score, and more hoops to jump through to get your money protected from fraud are real issues that using a credit over debit card does help solve.

(In response to this post by Hokie360)

Posted: 09/21/2020 at 2:43PM



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