LogFAQs > #955643219

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, Database 8 ( 02.18.2021-09-28-2021 ), DB9, DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	I'm in a catholic monastery.
adjl 07/01/21 3:21:40 PM #37:	Zeus posted... That's the stupidest fucking deranged brainwashed absolute drivel and hogwash I've heard in a long time. I've had a credit card for longer than most of this board's users have been alive and I've never once been "sucked into their system and piled up debt and [interest] payments" and... what, did you say mortgages? This whole fucking thing is a rib, isn't it? Got me there! I guess it had to been a joke, because nobody would believe that nonsense. A credit card is superior to a debit card by most objective metrics. The two are broadly treated the same by retailers (so credit or debit you face the same penalties when there are penalties) except credit cards have far more perks including a greater number of protections, far less potential for disruption when something goes wrong, rewards of all kinds, etc. Credit cards are able to offer those benefits because of people that are sucked into their system that rack up interest payments. Certainly, it's not that hard to avoid ever paying interest on credit cards (by basically treating them as a debit card with an extra step and paying down any balance you accumulate before your statement is due), but the entire model is designed to prey on people that lack the impulse control, financial planning ability, or financial stability to stick to that process. If it weren't, it wouldn't be profitable enough to be worth offering the service, let alone offering it with all of the added benefits that you're enjoying. Zeus posted... Offhand, I can't remember the last time I've used a debit card to pay for anything because, really, why would I? I mostly only ever use mine at Costco (because they only accept Mastercard for credit and I only have a Visa) and small businesses. The former because they only accept Mastercard and I only have a Visa, and the latter because credit fees hurt small businesses a lot more than debit fees do, in many cases, and I'd rather give them more support than earn slightly more rewards on a relatively small purchase. --- This is my signature. It exists to keep people from skipping the last line of my posts. <cite>adjl posted [p:955643219] in I'm in a c... [t:79533245]...</cite> <quote>Zeus posted... </cite> <quote>That's the stupidest fucking deranged brainwashed absolute drivel and hogwash I've heard in a long time. I've had a credit card for longer than most of this board's users have been alive and I've never once been "sucked into their system and piled up debt and [interest] payments" and... what, did you say mortgages? This whole fucking thing is a rib, isn't it? Got me there! I guess it had to been a joke, because nobody would believe that nonsense. A credit card is superior to a debit card by most objective metrics. The two are broadly treated the same by retailers (so credit or debit you face the same penalties when there are penalties) except credit cards have far more perks including a greater number of protections, far less potential for disruption when something goes wrong, rewards of all kinds, etc.</quote> Credit cards are able to offer those benefits because of people that are sucked into their system that rack up interest payments. Certainly, it's not that hard to avoid ever paying interest on credit cards (by basically treating them as a debit card with an extra step and paying down any balance you accumulate before your statement is due), but the entire model is designed to prey on people that lack the impulse control, financial planning ability, or financial stability to stick to that process. If it weren't, it wouldn't be profitable enough to be worth offering the service, let alone offering it with all of the added benefits that you're enjoying. Zeus posted... </cite> <quote>Offhand, I can't remember the last time I've used a debit card to pay for anything because, really, why would I?</quote> I mostly only ever use mine at Costco (because they only accept Mastercard for credit and I only have a Visa) and small businesses. The former because they only accept Mastercard and I only have a Visa, and the latter because credit fees hurt small businesses a lot more than debit fees do, in many cases, and I'd rather give them more support than earn slightly more rewards on a relatively small purchase. --- This is my signature. It exists to keep people from skipping the last line of my posts.</quote> ... Copied to Clipboard!
Topic List	Page List: 1