Are credit cards evil?

Discussion in 'Economy' started by CMike, Jan 15, 2010.

  1. CMike
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    CMike Zionist, proud to be

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    Personally, I think it's the same thing as legalized lone sharking other than the physical breaking the legs part.

    What do you think?
     
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  2. uscitizen
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    uscitizen Senior Member

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    nope they are not evil. You can always cut them up and throw them away.
    They do not come back from the dead or anything.
    If it concerns you get the priest to sprinkle and bless them.
     
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  3. American Horse
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    American Horse AKA "Mustang"

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    I think credit cards are fine for people who can manage their affairs responsibly, which includes not habitually spending on things they would not buy if they paid cash or wrote a check for those things. To the responsible individual, unwilling to live beyond their means, credit cards are great.
     
  4. Anguille
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    Anguille Bane of the Urbane

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    They are a scam. If you read the fine print, you realize you are permitting the credit card issuer to change the interest rate at any time and even charge you retroactive interest if they want to.
     
  5. Vanquish
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    Vanquish Vanquisher of shills

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    Like a gun, it depends on who's using it. Are the terms grossly written in favor of the companies? Yes. Does that make the companies evil? No. Are there some practices they employ that are bad for consumers? of course. So exercise your right to cut them up or transfer balances.
     
  6. Zoom-boing
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    Zoom-boing Gold Member

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    Is someone holding a gun to your head forcing you to use the credit cards? Is someone holding a gun to your head forcing you to use the credit cards unwisely? Is someone holding a gun to your head forcing you to buy lots of crap (that you can't afford) with the credit cards? Is someone holding a gun to your head forcing you to make your payments late or not in full so you incur those ridiculous fees? Are credit cards evil?

    ^ No.
     
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  7. jillian
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    jillian Princess Supporting Member

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    Credit cards are only good if you can pay them in full at the end of every month.
     
  8. uscitizen
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    uscitizen Senior Member

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    Or not so bad if you have a plan on paying them off in say 3-6 months and stick with it. Like for a new fridge or somesuch.
     
  9. jillian
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    jillian Princess Supporting Member

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    To tell the truth. Except for my car, I don't pay off anything. (and the car is a lease). I don't like credit cards. The thought of paying a rate of interest to a bank that would be considered usury if charged by a private individual bugs me.... which isn't to say I don't use my credit card. But in general, I think people are better off waiting til they can pay for something in full (unless the purchase is time senstive for whatever reason).
     
  10. uscitizen
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    uscitizen Senior Member

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    I pay off debt each month. I owe no one for anything.
     

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