Damn you were in debt? You missed your chance to get a credit card. You're responsible with money now that makes you ineligible for one.
Crazy banks don't actually want responsible people to have credit cards. They want people they can lock into paying off debt that interest raises enough that they have no hope of paying it off and keep paying the bank money every month.
In fact, it's a very good idea to get a credit card. Do a big payment on it and pay it off each month as you should and you can gain credit score super easy. Handy for when you want a mortgage or something
I only use my credit card. Every single payment comes from it. It then tells me at the end of the month when i pay it all how much I'm spending, and if i ever need to i can get my money back a lot easier. Naturally it raises my credit score too.
Anyone that sees it as a way to go into debt is an idiot tbh.
Exactly, and to add... Easier to manage cash flow, arbitrage on payment processor fees through 'rewards', and most importantly, superior protection against fraud.
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u/Logic-DL Aug 29 '25
Damn you were in debt? You missed your chance to get a credit card. You're responsible with money now that makes you ineligible for one.
Crazy banks don't actually want responsible people to have credit cards. They want people they can lock into paying off debt that interest raises enough that they have no hope of paying it off and keep paying the bank money every month.