• Mr_Blott@lemmy.world
    link
    fedilink
    arrow-up
    5
    arrow-down
    3
    ·
    1 year ago

    Reasons to get a credit card in 2019 -

    To hire a car

    Reasons to get a credit card in 2023 -

    ?

    Totally alien concept to me

    • dangblingus@lemmy.world
      link
      fedilink
      arrow-up
      4
      ·
      1 year ago

      You put normal monthly expenses on the credit card, then you immediately pay it off. Do this for a while and build your credit score. Use your higher credit score to get approved for loans/mortgages/bigger credit.

      All credit is is a way to buy something expensive that you can’t afford right now. Figure out what you want to buy, then build the necessary credit to be approved for the big purchase.

    • Fogle@lemmy.ca
      link
      fedilink
      arrow-up
      3
      ·
      1 year ago

      I use mine for cash back. I’ve been watching this finance channel on YouTube and the amount of Americans with thousands and thousands of credit card debt at sometimes over 30% interest is fucking insane.

    • iFarmGolems@lemmy.world
      link
      fedilink
      arrow-up
      3
      ·
      1 year ago

      When you pay with credit card it’s bank’s money. When paying with debit it’s yours.

      I pay everything on the internet with credit card. It’s safer.

    • Stumblinbear@pawb.social
      link
      fedilink
      arrow-up
      4
      arrow-down
      4
      ·
      edit-2
      1 year ago

      Not having a credit card is giving up free money in cash back and rewards. Just be disciplined and it’s a net positive in every way, including security