Curious to know what everyone’s thoughts are. Credit cards seem to be a divisive subject, and I really haven’t heard opinion besides they’re great or they’re the devil.
Personally, I use a credit card for everything besides rent, and when I had it, car payment. I pay it off every month, so I’m not carrying a balance. Personally, I don’t understand why everyone doesn’t use credit cards for everything. To me, if you say you’re afraid of credit cards what I hear is “I have no self-control when it comes to spending.” I have two cards, a Bank of American cash back card and an American Express Delta card. I even got $1350 back earlier this year on my BOA card, which went towards paying off my 328i. They literally gave me money for spending my money. I’ve also got a good amount of skymiles that’ll help pay for a trip to Europe next year.
Money wasn’t something my parents really ever talked about, but I know they use their credit cards for everything as well. They’re also not carrying a balance. I think my dad said something along the lines of “you get a bill and you pay it” with regards to credit cards when I was younger, as if it was that simple. So I pretty parrot them on that. My dad is also thinking about a second BMW for himself, because the apple never falls to far from the tree.
So, what’s everyone’s thoughts on credit cards?