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I'm 28 years old, and I've never had a credit card. To be honest, I've never even had the urge to get one. Why would I want to risk paying those outrageous interest rates and late fees. That is, until recently. It seems like more and more people are using credit cards for their rewards benefits than ever before. And it's tempting to join the crowd.
You can customize your credit card with your own picture. You can pick your own rewards. You can get 0% interest for 6-12 months. I mean, it sounds great. And that's the thing, you remember that saying it's too good to be true. There's a reason these companies are offering you whatever you want. They know if they can get their card in your hands, there's a good chance you're going to end up giving them a lot more than they ever give you.
Why do you think every store you go into now offers you a discount if you sign up for their credit card? If it didn't work in taking more of your money, they wouldn't be doing it. Yes, that 30% discount is tempting, but why not just wait till they have a sale. Or just buy 30% less stuff. Chances are you didn't need all of it anyways.
I know there are those who are going to disagree and say you just have to be responsible with them. Isn't part of being responsible, not having to borrow from someone else. And isn't part of being responsible, being an example to those around us. Do I think I can beat the credit card game? Sure I do. But why would I even want to play with them?
You can customize your credit card with your own picture. You can pick your own rewards. You can get 0% interest for 6-12 months. I mean, it sounds great. And that's the thing, you remember that saying it's too good to be true. There's a reason these companies are offering you whatever you want. They know if they can get their card in your hands, there's a good chance you're going to end up giving them a lot more than they ever give you.
Why do you think every store you go into now offers you a discount if you sign up for their credit card? If it didn't work in taking more of your money, they wouldn't be doing it. Yes, that 30% discount is tempting, but why not just wait till they have a sale. Or just buy 30% less stuff. Chances are you didn't need all of it anyways.
I know there are those who are going to disagree and say you just have to be responsible with them. Isn't part of being responsible, not having to borrow from someone else. And isn't part of being responsible, being an example to those around us. Do I think I can beat the credit card game? Sure I do. But why would I even want to play with them?
1 comments:
i think it has to do with knowing yourself. since you have never had a credit card, this may seem foreign to you, but if you consider the credit card "just another debit card" with the added responsibility of paying off the credit card before interest kicks in, it is possible to be responsible with a credit card, reap the rewards, and not worry about the interest rate. i don't even know what the interest rate on my CCs are because i have never paid a dime of interest in the 10+ years i have had a card. the CC company will make money off the merchant fees but not off me. i keep track of my CC balance daily to weekly and pay it off just as often so my checking account never looks inflated. it is possible, but as you mentioned takes discipline.
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