Should I get a credit card?

Things like renting a car are less of a hassle with a credit card vs using a Debit card. A credit card generally offers protections that a debit card does not as well.

Get a card and set-up an automatic payment for an amount greater than the minimum balance so that you never have to think about it.

It's not that hard and it will show at least some trustworthiness down the road.

How hard is it to pay a credit card off 12 times a year? You can set them up to send you emails to remind you.

If you can get your shite together and pay off the card 12 times a year, you should get a credit card that has no annual fee and that has decent benefits. I like mine a lot - it pays me to use it. I get 5% back on all my grocery store, gas, and pharmacy purchases and 1.25% back on all my other purchases. I don't know those types of deals are still out there but you can get some good deals by using your credit card and paying it off each month.

You do want to have good credit if you plan to get a mortgage or loan in the future.

Only a dumas would have a debit card rather than a credit card. With a creidt you assume NONE of the risk of fraud.

DumasBar wrote:

Only a dumas would have a debit card rather than a credit card. With a creidt you assume NONE of the risk of fraud.

Only a dumb@ss would believe this. With a debit card you have the EXACT. SAME. protection from fraud as you would with a credit card. Whoever told you otherwise obviously has no respect for you.

Casual Observer 2.0 wrote:

A credit card generally offers protections that a debit card does not as well.

WRONG!

How have you saved $125k by the time you are 25 and be forgetful at the same time? Do you forget to leave the house? Forget to eat food? Forget that you have a job that probably pays really well?

johnclendon wrote:

How have you saved $125k by the time you are 25 and be forgetful at the same time? Do you forget to leave the house? Forget to eat food? Forget that you have a job that probably pays really well?

Maybe he forgot to spend?

Do not, repeat NOT, get sucked into the world of credit. It is alway's the best financial move too pay for everything up front. If you can't afford it on the spot than you do not need it. Credit kill's so stay away, stay far away. Credit card's are what caused my parent's diverorce. It would also be wise to get away from the debit card debacle. Debit card's can be just as bad as credit if you let them. Don't invest you're money in the bank either. Bank's can go broke and that will leave you broke. Just keep you're money in you're house than their shouldn't be any problem.

Your welcome.

FWIW, I have great credit and only mortgage debt (should be paid off early). I have enough money to pay for everything with cash (including my last new car), but I put it on a rewards credit card and ALWAYS pay off the balance at the end of the month. I've never missed a payment.

With a wise selection of credit cards and prudent spending, I've managed to get many free round-trip plane tickets (travel is my thing). It's not for everyone, but if you're smart about it, it can make sense. Just my two cents.

johnclendon wrote:

How have you saved $125k by the time you are 25 and be forgetful at the same time? Do you forget to leave the house? Forget to eat food? Forget that you have a job that probably pays really well?

Bank of Mom and Dad

just another guy wrote:

Do not, repeat NOT, get sucked into the world of credit. It is alway's the best financial move too pay for everything up front. If you can't afford it on the spot than you do not need it. Credit kill's so stay away, stay far away. Credit card's are what caused my parent's diverorce. It would also be wise to get away from the debit card debacle. Debit card's can be just as bad as credit if you let them. Don't invest you're money in the bank either. Bank's can go broke and that will leave you broke. Just keep you're money in you're house than their shouldn't be any problem.

Your welcome.

Wow, you're a really stupid person... or a fantastic troll....

pop_pop!_v2.1.1 wrote:

johnclendon wrote:

How have you saved $125k by the time you are 25 and be forgetful at the same time? Do you forget to leave the house? Forget to eat food? Forget that you have a job that probably pays really well?

Bank of Mom and Dad

Yep. Plus I am frugal and saved ~ 30% of my salary the last couple years (which I'm able to do because I don't have loans, which is another privilege).

It looks like a should get a credit card. That's what I thought. Thanks!

Dave Ramsey wrote:

Casual Observer 2.0 wrote:

A credit card generally offers protections that a debit card does not as well.

WRONG!

Wow. That seems a bit over the top. Nevermind, I just noticed your name...

I was speaking more along the lines of rental insurance, extended warranties on purchases, etc. I haven't noticed things like that from my bank or Credit Union accounts.

Get one and use it to fill up on gas or something smallish once a month. That way you'll have one if you ever need one. And if you're forgetful, sign up to have the payment automatically taken out of your bank account each month.

Dave Ramsey wrote:

Casual Observer 2.0 wrote:

A credit card generally offers protections that a debit card does not as well.

WRONG!

RIGHT!

Your legal rights for debit card use are not the same as those for credit cards. In short, the situation for debit cards is more complicated, and varies according to whether you use a PIN or not.

You're always better off using a credit card for purchases, not least because a credit card issuer can easily reverse a transaction in the case of a dispute. With a debit card, the money is gone from your account.

NCLC wrote:

Dave Ramsey wrote:

WRONG!

RIGHT!

Your legal rights for debit card use are not the same as those for credit cards. In short, the situation for debit cards is more complicated, and varies according to whether you use a PIN or not.

You're always better off using a credit card for purchases, not least because a credit card issuer can easily reverse a transaction in the case of a dispute. With a debit card, the money is gone from your account.

A debit card issuer can also easily reverse a transaction in the case of a dispute. If you hold a debit card from a well-known name like Visa or MasterCard, it will have the same policy about unauthorized charges that credit cards have. If you select "credit" at the register rather than enter your PIN, you will insure that you are protected by the card company's zero-liability policy—you will not be responsible for unauthorized transactions.

Dave Ramsey wrote:

A debit card issuer can also easily reverse a transaction in the case of a dispute. If you hold a debit card from a well-known name like Visa or MasterCard, it will have the same policy about unauthorized charges that credit cards have. If you select "credit" at the register rather than enter your PIN, you will insure that you are protected by the card company's zero-liability policy—you will not be responsible for unauthorized transactions.

I have a debit / visa card from a credit union, and use the visa where required, but mostly use the debit, for things like groceries and utilities.

Another Letsrunner with the problem of having hundreds of thousands of dollars and asking financial advice.

That's Great! Keep up updated!