And do you only have cards from banks that you already have other accounts (checking, mortgage loans, insurance, etc.), or do you pick and choose from whatever bank you want?
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POLL: How many credit cards do you have?
- Thread starter Mr. Laser Beam
- Start date
none, because Credit Cards are evil.
I have zero. I was raised to be extremely paranoid about credit cards. Ironically, I now work in a Credit Union and one third of my job is processing credit cards!
I've only been in the credit card side for a few weeks now, but I do that because of new federal regulations, credit cards are forced to be a lot more honest and upfront about fees and rates than they used to be.
I've only been in the credit card side for a few weeks now, but I do that because of new federal regulations, credit cards are forced to be a lot more honest and upfront about fees and rates than they used to be.
Weird. As soon as I moved out of the house, my dad told me I should get a card so I could start to establish a credit history.
I have one main VISA, which I don't really use anymore, but I keep it around just in case. I also have 2 store cards (Best Buy and Kohls), which I use a lot more regularly.
As long as you're at least making your minimum payments, credit cards are nothing to fear, though you should obviously try to pay off more than that if you can.
Yeah, I should get one or two even if I don't use them. I'm 29 now and I have no credit history whatsoever!
Apparently I have an uncle who got in thousands and thousands of credit card debt when I was kid. So I grew up thinking credit cards=evil
Just don't go crazy with them and they're perfectly fine.
None, nor did I ever have any, I am -however- in the process of acquiring a "Dankort" which is our nationwide card, issued by a company owned by the banks and personalized by your bank (debit- or credit-card and with whatever deal you are able to make with your bank -and of course with a choice of any of a number of international credit-cards printed on the other side.)
I have one, and I spent a good chunk of last year trying to pay the damn thing off (no, I didn't go crazy with it, I was just using it for everyday expenses, but after a lengthy period of unemployment, it started to add up).
Thankfully, I managed to get rid of my credit card debt entirely a little while ago. Since then, I've tried to use it as little as possible.
Thankfully, I managed to get rid of my credit card debt entirely a little while ago. Since then, I've tried to use it as little as possible.
Just the one. Interesting to see that there are so many of us with none.
Two.
I don't have a credit card at all. I have never had a credit card.
I do have a debit card for buying things online.
I do have a debit card for buying things online.
Two, a Visa and an online store card, both with a zero balance.
I have one. I make sure that I pay off the entire balance each month. I have it mostly for online purchases and to establish a credit history.
One.
I think that if you treat such a card as a proxy for cash you already have (similar to a debit card but paid once, in full, on a monthly basis), and you keep careful track of your spending versus your savings, then there is no problem; you know very well the money is on hand and you can handle it. But using it to spend yourself into unsustainable debt...I want no part of that. My credit card is wholly subservient to the cash that I take in.
I think that if you treat such a card as a proxy for cash you already have (similar to a debit card but paid once, in full, on a monthly basis), and you keep careful track of your spending versus your savings, then there is no problem; you know very well the money is on hand and you can handle it. But using it to spend yourself into unsustainable debt...I want no part of that. My credit card is wholly subservient to the cash that I take in.
That's why I like my store cards more than a traditional credit cards. I use them to make major purchases, like my TV, which I know I can pay off over time. I don't necessarily have $1000 to drop on a new TV today, but if I put it on my Best Buy card with 18-months interest free, I know that I can definitely handle making those monthly payments.
A couple of hundred.
Yeah, I know. But I often forget my keys, and what else can you use to open doors?
Yeah, I know. But I often forget my keys, and what else can you use to open doors?
Oddly enough, thus far I have made all of my biggest purchases in cash. That's what I'm planning to do again this year, whenever I buy a new laptop. That'll change whenever I buy a house or a new car, but I've tended to use the credit card more for smaller stuff.
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