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Originally Posted by spiritbear928
What about people who just object to being in debt? And dont say pay it off every month.
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Well I will say Pay it off every month. That is not being in debt. I use a CC for everything, from travel to dining out to buying a pack of gum. I never have to worry about stopping by an ATM or having enough cash on hand, my CC is always on me. And then every month, I just write one check (or, nowadays, do one transfer) and pay the bill in full.
I manage my finances well enough that I don't spend what I don't have. Plus I rack up probably at least 100k worth of Marriott and/or Hilton points every year just as a result of using said CCs.
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Originally Posted by spiritbear928
Credit cards are evil. They should at least have to take debit.
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Credit cards are inanimate pieces pf plastic. They cannot be "evil". Also, your CC company would rather not pay additional charges (that they still need to collect from you). Often, all you have to do with your CC company is contest any charges and they will investigate on your behalf (and usually not make you liable for those charges until they sort everything out). With a debit card - once that money is gone from your account, the bank is not just going to give it back to you. With a debit card - its your money. With a CC, it is the bank's money. Which do you think the bank is going to care about more?
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Originally Posted by spiritbear928
Credit card companies prey on people.
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That is just an excuse for people who make poor decisions.
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Originally Posted by spiritbear928
It would be impossible to get a credit card with any kind of limit that you would need to take an extended vacation without accumulating (and paying for) much debt.
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I don't understand this statement. The two CCs I have (and which I use to pay for "extended vacations", such as the week we just spent in Aruba) both have limits of $20k or more. And the monthly balance I carry on each is $0.00. In fact, my only current debt is my mortgage.
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Originally Posted by spiritbear928
One more than I will shut up. My thinking is based on 300 dollars held per day for two weeks. So to take a two week vacation I would need 4200 in CREDIT. Now I might have 10000 in my bank account accessible via my Visa enabled debit card but I have no way to turn that into the only new currency that is acceptable.
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While you could easily vacation in parts of Europe on $300 per day, but don't forget about airfare - good luck finding anything there and back for under at least $1000. We're headed back to Germany soon and it looks like the best we can do is about $2600 for both of us ust for airfare.
As to debit cards...I never use mine, but I would think you could use it over there just like a CC, and any withdrawals would be converted from dollars to Euros at the given rate on the day the charge goes through. Plus a foreign transaction fee. Another bonus to using my CC, my Visa does not charge such fees when I use it in countries outside of the U.S.