Quote:
Originally Posted by WingsToDiscovery
I'm in the minority anyway in the states because I don't have any debt, and I don't buy ANYTHING on credit(unless it's something big that requires a credit card). I don't buy anything unless I can pay for it outright. It's a lot easier using a debit card in the states to make your large purchases, assuming you have the money. Therefore, it's still hard for me to wrap my head around making many purchases with a credit card instead of a debit card. Not really a big deal but I just don't like to associate anything with credit cards haha. So something like 30,000 I'll have a credit card for, but it just leaves a weird taste in my mouth to buy something that way if I know I can just pay for it right there, rather than buying it on the credit card and then paying off the card. Or with what you said about your credit card being paid by automatic withdraw; is this instant like using a debit card?
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I don`t have any credit card "debt" either - what I pay for by card is what I can afford. What is on my card this month will be paid off in full on the withdraw date. I rarely pay by card anyway as it`s pretty uncommon for me to just buy something out of the blue that I don`t have the cash on me for.
I think you have to really think of it more out of necessity. There ARE no debit cards. There are no checks. (You can explain a credit card, but it`s pretty impossible to even get someone to comprehend what a check even IS.) It`s pay by cash or credit.
The automatic withdraw isn`t instant. It`s once a month on a set date, but anything that isn`t put into the revolving account on the credit card is interest free, so you can really think of it as a delayed debit card sort of thing. If you have the money in the bank, just leave it there and it will be paid by automatic withdraw. If it is something that you would normally pay by credit (ie. You don`t have the money available to pay it all right away), you would request that it be put in the revolving account on the card. That part is what would be considered "debt" as it is paid off in monthly installments and you are charged interest.
I have a bank account dedicated just to my card - there is no chance of "accidentally" using the money elsewhere.
Credit cards themselves aren`t bad. It`s just people who have no clue how to use them responsibly and who treat them like free bags of money that are the problem.