southsamurai comments on Are credit cards a good or bad invention?

[–] southsamurai@sh.itjust.works 7 points 4 days ago* (3 children)

Eh, in an ideal world, they could be fine. It's just a way of deferring goods/services to a future time in exchange for present needs.

Alas, this is not an ideal world, and debt fucks people harder than a methed out porn star.

Thing is, in the same capitalist hellscape that makes them so ugly, they become a necessity, and the purest form of evil

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[–] Oka@sopuli.xyz 3 points 4 days ago (2 children)

Ive never had a credit card, but I do have overdraft credit (if I overspend, an amount is taken from the line of credit to cover the cost, I pay it back the same month for about 0.20% processing fee, or $25 monthly payments). This prevents my bank from charging a 90$ convenience fee when I overdraft on each transaction. Ive never accrued interest to this point.

That said, rather than have a credit card, I just won't buy something, simple as that. Ive grown up having no money, I know what its like to not be able to pay for something important. Borrowing money is always bad.

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[–] southsamurai@sh.itjust.works 3 points 3 days ago (1 child)

I'm pathological about avoiding debt of any kind. While I keep two cards for emergencies, using them occasionally for things I can immediately pay off, every time I do that, my gut clenches

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[–] Oka@sopuli.xyz 2 points 3 days ago

I, unfortunately, still have debt (student loans). But at least it's not credit card debt 😅😥

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