If you are carrying a balance on a credit card, you are a fucking idiot. You are throwing away money for no reason

If you are carrying a balance on a credit card, you are a fucking idiot. You are throwing away money for no reason.

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1. why?
2. how would I buy groceries and gas without it? Most places here doesn't take cash and haven't done so in many years

You can use credit cards, and it's smart to use them to get cash back or other rewards, but if you fail to pay it off every month in full, that is foolishness.

Why are you buying into the credit system?
just use a debit card. "building your credit score" is the definition of giving more rope to hang yourself. It's like Tony Soprano giving you a favor by lending money.

Aaah I see, u mean like that. Yeah that doesn't really work here. It's just a card hooked up to my bank account. No way to spend more money than I have in the bank

You can use something called a debit plus card which is a card connected to your bank account, I'm not sure how common they are in america

I'm not american, i live in Sweden. Never heard of anyone here using cards that let you buy stuff you don't have the money for

You can get cash back.

That's a bank card. A credit card is completely different.

As an european I will never understand the american credit card world and credit system overall.

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I don't get it and I'm Canadian

aka a debit card

I have $7000 on my CC but it is 0% APR for another 15 months. I have 160k liquid so not like I cant pay it off easily

Apparently if you want to transfer a lot of money over to someone in America you don't actually send it to them... but first to the bank that then transfers it to them...
Why?

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i pay off my balance in full every month and haven't paid a penny in interest in years

I just find the whole fixation of the system being around credit being like final boss of how bullshit the whole financial system is. Like sure, I have a credit card too, I use, well more like used to it because 2022, to book flights and so on, but I just pay on debit on daily basis. It seems not to be a thing in the US.

design a better system then on being able to efficiently determine if someone is financially sound at scale then. i'd like to go back to the days of using the local bank for these things, but it's just not possible anymore unfortunately.

As a burger, i use Zelle which is like PayPal but i can use it directly from my bank account's dashboard. I don't have a credit card, only cash and debit for large/online purchases.

The average American thinks that their credit limit is extra money that gets added to their bank account and stays there so long as they make minimum payments every month. So they blow their shitty paychecks each month on stupid luxuries on top of maxing out their credit cards. Then they have an emergency that they can't avoid paying immediately for (medical, car repairs to get to work so they can keep paying bills/rent lmao) and wonder how they end up flat on their ass on the street. It's honestly shocking that society hasn't collapsed yet with this many fucking idiots living like this.

lol, the money already is fake and gay, look into the federal reserve OP. Credit cards also come with 0% APR intro rates and cash back incentives, if you're not a retard they're pretty useful. They can't do everything that cash does, but understanding credit makes your financial life much easier.

>not racking up tens to hundreds of thousands of dollars in credit card debt, payday loans and cash advances, transferring the money to a safe location and then filing for bankruptcy

Work smarter not harder.

Anything you leave on account surplus or pay early @ bigger financial companies is working investment money for them.
You leaving them some extra to make a more money gambling with it.
It is no risk for you and it likely amounts only to cents from each of us, but in the mass of customers the sums get tangible and its seriously free money gained without recompense to actual owner (which you still are, they are only holding it)
Just leave it to the jews