When I moved abroad, the banks there immediately pushed credit cards with 1000s of USD limit, even before I got a job. It seemed so predatory (and efficient).
Debt slavery is real.
Oh, there's a reason those limits are so high, and it's certainly not because those banks are being nice and generous toward their customers.
I have no doubt debt slavery exists.
Paid off three cc out of four. Will close last cc until summer end.😀
Credit card = better consumer protection - using them responsibly shouldn't be avoided (I'm using them like a debit card - paying them off every month - 7 week delay, 0 interest)
Correct, and since credit cards offer better consumer protection than debit cards, the former is preferred for online purchases. Easier for a bank to get its money back than yours.
I would not recommend using CCs as a "real credit card" but as a charge card (interest rates are usually terrible and it's not a good idea to live on borrowed money)
By using credit cards you directly support the fiat system.
Sure - but only if my options are limited: debit or credit
