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  • Thread starter Thread starter nycfan
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Have not used a Credit card in 10 years Oh I could get some cash back thing and get ahead-too much like work
Many would be better off WITHOUT credit cards. Business credit transaction fees, annual fees, excessive penalty interest and overdraft fees, the feeling that "a charge is free," and impulse buying make a card much, MUCH more expensive than using cash. Even the benefits can be illusory. I've had disputes where the card company sided with an unscrupulous vendor. My only recourse was to cancel the card and short the bill for the difference. Luckily, my credit and personal financial situation are solid enough to withstand the blowback.

I use credit for business (and pay off the balance monthly) and use cash for most everything else. I've likely saved tens of thousands of dollars over the years with that strategy.
 
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