• Stache_@lemmy.ml
    14·
    5 months ago

    I mean, not really if you treat it like a debit card and never spend more than you actually have in the bank. Then you benefit from whatever points or rewards your credit card offers

    • buckykat [none/use name]@hexbear.netEnglish
      15·
      5 months ago

      Living your life dancing on a bear trap is fine just so long as you’re really careful to never step on the trigger. Plus, the bait is really tasty!

      • Stache_@lemmy.ml
        8·
        5 months ago

        I’ve never heard that saying before, I like it!

        Yeah it’s certainly a slippery slope that has some serious consequences if you don’t use discipline and stay within your budget

      • Koolio [any]@hexbear.netMEnglish
        1·
        5 months ago

        For me, it’s a cashflow thing. If I use credit that’s one month I do not have to spend my own money on something - it also allows for larger purchases in one place, whereas I might have to move a bunch of money around and wait days if I paid cash.

        Credit card companies make their money on merchant fees, the people who get trapped in cycles of debt are just the gravy on top for the fuckers.

    • Kumikommunism [comrade/them, any]@hexbear.netEnglish
      10·
      5 months ago

      So what happens if someone who isn’t lucky enough to have a good education in finance experiences sudden financial hardship and then relies on paying more on credit than they have in the bank? (An extremely common occurrence) Would you say the debt makes the situation better or worse?

      And then, does that make you rethink whether its “not really” bad?

      • Stache_@lemmy.ml
        11·
        5 months ago

        Very good point. I was responding to the “everyday purchases” not being all that bad to use a credit card for if you already have the money for it.

        Sudden financial hardship is a much different situation and I agree, the debt would make it worse

        • Kumikommunism [comrade/them, any]@hexbear.netEnglish
          7·
          5 months ago

          Right, but I think the implication in “people” after “95% of sales” there is pretty clearly “our whole society”, which presents the above problems. With the context, it made your comment read as “this doesn’t need to change, and if it goes bad, it’s your fault”. But I’m glad you understand. We just very commonly have people from the Lemmiverse here with comments to the effect of “the status quo is good, actually”.