I’m always telling people that they don’t need a Credit card. I blabber on about it and if not stopped get to the point of ranting about how access to Credit will eventually tempt everyone. I believe even the most rigid of people can find themselves slipping into the debt trap, needing to pay a little back more month-on-month.
For the most part I think my rants make perfect sense. I am stead fast that for most people in their general daily lives Credit is not needed if people plan correctly and save properly. If you can’t afford something for one month you need to buckle down and spend less, not fall back on a credit card to keep your standard of living up (see I am falling into rant territory again!).
The one brick wall I keep coming up against on my crusade to stop people using Credit cards is the fact that with Credit cards, if used properly (or rather improperly from the CC companies POV) is that you can get a lot of rewards, cash back, air miles etc etc. These can add up to be essentially free money.
Now, finally, it seems that the world of decent cash back rewards has come to Debit with the checking account and MasterCard from Perkstreet Financial.