Are Credit Cards a huge rip-off?

With their transaction fee's and membership charges, do you think they are a ripoff? Wouldn't it be easier to carry money around instead? What are your thoughts of credit cards?

I don't have one so I can't have much thought on them.

If you have a credit card with transaction fee's and membership charges you are using a weird ass credit card. I use a Discover that's free and I earn like $7 a month. Just make sure you pay your god damn balance so you don't get charged with interest.Chojuto

Paying interest on credit is not only morally sound, but it is what expands economies, banks, and businesses. lo_Pine

Uhh, no.

I'll stick to paying $50, for a $50 item.
Have fun spending $55, because you didn't use cash.

[QUOTE="lo_Pine"]Paying interest on credit is not only morally sound, but it is what expands economies, banks, and businesses. Nibroc420

Uhh, no.

I'll stick to paying $50, for a $50 item.
Have fun spending $55, because you didn't use cash.

[QUOTE="lo_Pine"]Paying interest on credit is not only morally sound, but it is what expands economies, banks, and businesses. Nibroc420

Uhh, no.

I'll stick to paying $50, for a $50 item.
Have fun spending $55, because you didn't use cash.

Not really.

Before they had a sea of hidden fees, charges, and interest hikes to trap customers in a dept trap.

Laws have defanged them allot though.

They still are an ineffecient money despensing device, but they are useful.

You get charged for what you use.

[QUOTE="Nibroc420"]

[QUOTE="lo_Pine"]Paying interest on credit is not only morally sound, but it is what expands economies, banks, and businesses. ExoticAnimal

Uhh, no.

I'll stick to paying $50, for a $50 item.
Have fun spending $55, because you didn't use cash.

[QUOTE="ExoticAnimal"][QUOTE="Nibroc420"]

Uhh, no.

I'll stick to paying $50, for a $50 item.
Have fun spending $55, because you didn't use cash.

Nibroc420

[QUOTE="Chojuto"]If you have a credit card with transaction fee's and membership charges you are using a weird ass credit card. I use a Discover that's free and I earn like $7 a month. Just make sure you pay your god damn balance so you don't get charged with interest.Second_Hokage

No annual fee, no monthly fee, no transaction fee, 5% cash back on rotating categories, 1% cash back on all other purchases. I've only had it for a few months now, earn about $6 to $8 a month. But I'm a student still living with parents working part time so if you're working full time living on your own your cash back bonus is gonna be bigger.

I can only see credit cards being useful for the building of a credit score and for emergency use. I mean, that's the only reason I will ever touch the things.

[QUOTE="almasdeathchild"]I use debit.and MasterCard at that.no complaints, Though always having cash at hand is a must even with a card.Nibroc420

[QUOTE="Nibroc420"][QUOTE="almasdeathchild"]I use debit.and MasterCard at that.no complaints, Though always having cash at hand is a must even with a card.Toxic-Seahorse

Yes, young men and women just graduating from high school will probably get screwed since they lack credit. But getting that credit card and building a good history over a few months could be the difference between a few interest points while looking for your first car.

They're not ripping anybody off because they tell you what the interest charges and fees will be up front. If you use credit cards responsibly they're quite convenient. It's the other 90% who use them irresponsibly that create a problem for themselves.

I can only see credit cards being useful for the building of a credit score and for emergency use. I mean, that's the only reason I will ever touch the things.

Dark_Knight6

Maybe not a rip-off but I prefer using my debitcard, If I'm out of money, I can't buy the item I intend to buy, and I am in no debt whatsoever.

Only a ripoff if you're an idiot.

Debit and credit >>>>>> cash. Only plebs carry cash around anymore.

Only a ripoff if you're an idiot.

Debit and credit >>>>>> cash. Only plebs carry cash around anymore.

Aljosa23

I must be a pleb cause I don't have a credit card and I use my debit card to get cash back so I don't have to use my debit card.

[QUOTE="Aljosa23"]

Only a ripoff if you're an idiot.

Debit and credit >>>>>> cash. Only plebs carry cash around anymore.

CHOASXIII

I must be a pleb cause I don't have a credit card and I use my debit card to get cash back so I don't have to use my debit card.

[QUOTE="CHOASXIII"]

[QUOTE="Aljosa23"]

Only a ripoff if you're an idiot.

Debit and credit >>>>>> cash. Only plebs carry cash around anymore.

Aljosa23

I must be a pleb cause I don't have a credit card and I use my debit card to get cash back so I don't have to use my debit card.

Oh okay.

As long as you treat a credit card as a convenience, buy only what you can afford, and pay them off every month so you have no interest payments then they are awesome.

If you are some douche who can't do simple math or can't control yourself then credit cards are not for you. However, if you fall in that category you are pretty much guaranteed to fail at life anyway.

only idiots thinks that credit cards are rip-offs.

Only a ripoff if you're an idiot.

Debit and credit >>>>>> cash. Only plebs carry cash around anymore.

Aljosa23

You do realize that a debit card is the same as cash right? You cannot use a debit card unless there is money in your account.

[QUOTE="Aljosa23"]

Only a ripoff if you're an idiot.

Debit and credit >>>>>> cash. Only plebs carry cash around anymore.

WhiteKnight77

You do realize that a debit card is the same as cash right? You cannot use a debit card unless there is money in your account.

There are no transaction fees on the consumer, and I don't have any kind of membership fee on any of my cards.

Sounds like you don't know much about credit cards, TC.

[QUOTE="WhiteKnight77"]

[QUOTE="Aljosa23"]

Only a ripoff if you're an idiot.

Debit and credit >>>>>> cash. Only plebs carry cash around anymore.

Aljosa23

You do realize that a debit card is the same as cash right? You cannot use a debit card unless there is money in your account.

It wasn't me that said debit cards were greater than cash. Stating that does imply that you do not know that.

[QUOTE="Aljosa23"]

[QUOTE="WhiteKnight77"]

You do realize that a debit card is the same as cash right? You cannot use a debit card unless there is money in your account.

WhiteKnight77

It wasn't me that said debit cards were greater than cash. Stating that does imply that you do not know that.

Debit cards are greater than cash simply because I have to carry less stuff around with me in my wallet and I get Air Miles rewards and other points.

they are not a rip off if you use them properly, I haven't established credit yet but in the long run when I do and I buy something and pay it back within that month and I keep doing that, in the long run when I want to buy a car or a house then having a great credit score helps out because if you have a great score you don't have to put down a down payment. Also some employers look at your credit score to see if your a responsible, so having a crappy score can keep you from getting a job.

[QUOTE="WhiteKnight77"]

It wasn't me that said debit cards were greater than cash. Stating that does imply that you do not know that.

Aljosa23

Debit cards are greater than cash simply because I have to carry less stuff around with me in my wallet and I get Air Miles rewards and other points.

Think what you must. I am not gonna argue with ua over it. Just tell everyone how great they are when a retailer charges you a fee for using a debit card for a small transaction (under $10 and I have seen places where that is happening now).

you can get ones without fees. lloveLamp

No you get cash back and air miles and all that good stuff, it's cheaper in the long run. If you pay on time and are responsible there's no reason not to use a credit card. Only situation you don't use a credit card is when you're buying <$30 or you're buying from a small business.