/biz/ - Business & Finance

we're poor
why do i need one?

>>11464453
>to

>>11464453
why dont you have a credit card millenial goy??

>>11464478
"to build credit anon!"
"there's literally no reason not to if you pay your bills on time!"
"to take advantage of cashback and airline mileage programs anon!"

If you take advice - say from Warren Buffet - even Benjamin Graham - getting a credit card is on par with putting yourself forever in a prison. Once you get in debt passes 10k - the interest rates eat you alive. Don’t buy shit you don’t have money to pay for - don’t buy new cars, don’t lease things, and don’t rent things unless it’s temporary.

Mehta credit cards do you guys recommend? I need to start building credit

OP is a jewish shill confirmed

>>11464453
credit cards and loans are scams created by jews

>>11464453

Poor financial education in public school.

Most zoomers now would rather not get it to begin with rather fuck around with it.

I'll only buy things I have the money for. If I ever buy a house I'm buying it straight up with the money I have, and then take those gains I made from not paying off loans to help my own kids pay for their own house or something if I ever have any. Keep the whole family ahead and richer long-term

Also buying used cars from people that are in relatively good shape that won't need major fixes in the near future. I don't need fancy shit

>>11464453
I lend money, I don’t need a loan

>>11464453
they all use bitcoin instead..

>>11464453
bank analyst fag here

millennials hate debt since they grew up in a broken economy, they've never been able to use debt as a tool for positive outcome. this would be more prevalent in 2014 when that chard was made too. they know how to use debt, they just don't want to. they don't want to spend money they don't have, in general, since that's already the reason they can't afford cars, houses, wedding or kids.

boomers and gen-x are literally beyond-NPC tier. they view debt as a free meal ticket to whatever they currently have a craving for, mostly because they grew up in an "impossible to lose" economy. it's like they have no idea debt isn't just something you pay back "whenever" or that they end up paying twice the amount in the end after interest. I can't count the amount of loans we deny over huge debt to income ratios in the 40-50%+ range. and that's only for accounts we see on the credit report like auto loans and revolving debt/credit cards.

I make about $140k/yr in a avg cost of living area and drive a 2003 car with 170k miles, and have no debt. my gen-x/boomer peers all have kids (i'm the youngest by 10 years at a minimum) and all buy new cars, houses, or boats every few years. all of them are budget balling in some way. I honestly don't think any of them besides the smarter management folks are saving for retirement at all.

case in point, this is the first google result from reddit. these idiots all make 100-200k combined and spend every dime of it.

>Note: Millennials are people age 18 to 29
um, no sweetie, that's not the normal definition
t. 30-something millennial shitbag

only got a debit card

i thought biz was against credit and loans etc?

>>11464723

No anon you see if they just keep bumping back the date of 'millenials' the boomers can complain about millenials ruining everything forever since that's all they know. Gen-Z doesn't exist to these people

Except for the house, I don't think it's pretty smart to take loans for random shit.

>>11464700
I make around 35k a year and have so much spare money I don't know what to do with it. How tf can you spend 200k in a single year?

>>11464453
im 27, i have 10 credit cards.
i use 1.
gotta get that good jew score!

>>11464754
>How tf can you spend 200k in a single year?
Eating out multiple times a week, sending multiple kids to expensive colleges, buying/leasing new cars every couple years (and driving more than permitted thus increasing the amount you have to pay if you lease), wasting money on random shit, and buying an expensive house with a bigass loan to pay off

>>11464754
houses, cars, children. retirement contributions until they decide to take it out via loan. keeping up with the jones with a white picket fence, green lawn, and a cabin upstate to go to on memorial day weekend. they view credit as free money since they never had to learn financial discipline.

>>11464754
we got kiked, take those loans and pay me interest!
man i have no job and could get an instant £20,000 loan through my phone app no questions asked
it's top jewry

>>11464790
if you go onto lendingclub or any other peer to peer financing site I imagine, you can easy get thousands of dollars for "vacation" loans even if you are already utilizing the majority of your credit lines.

>>11464700
I’m gen x and the fuck we do. Don’t have a credit card. Won’t get one. Won’t rent, won’t lease, won’t buy new cars ( unless the situation varies ). I trade options - SPY puts. Everything I know I learned on my own. Benjamin Graham can still teach the younger generations faggot. The only people my age who see it as a free meal ticket are those who are financially illiterate at understanding the nature of what they agree to. I feel it’s from lack of educational depth. But then again - I wasn’t taught what I know about WallStreet from school. I think that’s the problem. Wanted to learn the best efficient way to raise capital - first I coded apps and designs at 15 - self taught that landed me gigs of $50-200 in contracts. Did 1 sem of Uni in development but found out I knew most of what was being taught ( only 17 year old there ) - then at the end of that sem I zoned out from the lecture and remembered I had a finance book about stocks I never got around to. Picked it up - and never looked back since. I feel like because of my shitty grades from undiagnosed ADHD that I went through almost all of my education - that my high C low B averages wouldn’t be enough to let me enroll. So I’ve been seeing crypto now and shifting focus from high theta options on SPY - to high risk high reward alts that have potential in adoption and implementation. Now here I am - just turned 20 - writing this - saying your generalized view of gen xers is shit. I’m sure I’m not the only one.

i think the age group 18-20 or 18-21 skews the stats. better yet, a stat that shows percentage of people in college/training versus post-college/training. id bet 50 BAT its significantly different

Nothing wrong with having a credit card as long as you pay it off every cycle. Makes things easy. Don't have to carry around or count cash.

>>11464825
>The only people my age who see it as a free meal ticket are those who are financially illiterate at understanding the nature of what they agree to
this is most people anon, most people are pathetically average. I know this because I work at a mega bank and see it every day.

also if you're 20 years old dude...you're a zoomer. gen-x'ers are pushing their 40s man, they're between boomers and millennials.

>>11464825
>just turned 20
>gen x
dumb fuckin zoomer

>>11464825
Gen X on 4chan? Where did your life go oh so wrong?

>>11464825
>I'm gen x
>just turned 20
You're Gen Z

>>11464453
>how could buying everything on credit be bad?
t.boomer

>>11464825
fuck off beta male

>>11464478
>we're poor
Zoomer here, millennials are just too retarded on how to handle credit cards and buidling up a credit score. You scared that you cant pay the Jews their interest because you don't want debt and it's not just because "your poor". I'm wagecûcking at fast food joint and yet I'm able to pay off my interest whenever I use my credit card

>>11464872
>>11464876
>Retards don't realize that gen z kids born is after 2000

>>11464919
>gen z
>kids born is after 2000
Gen Z starts around 1995/1996 according to most people (since it's not a scientifically defined thing, popular consensus should be the deciding factor)

>>11464974

> MILLENIALS 0 - 20 years old before the new MILLENIUM (2000)

> Gen Z (2000+)

It's not that hard you dumb fuck millenial.

>>11464700
>that fucking image
>literally about to file for bankruptcy over debt that isnt even half their combined yearly income
what the fuck is this shit

>>11465016
>> MILLENIALS 0 - 20 years old before the new MILLENIUM (2000)
That's never been the definition. Show some examples of other people saying that. They're called millenials because they largely grew up in the new millennium, not because they exclusively grew up in that period

>>11464919
>gen z
he wrote gen x you dumb fucking faggot
learn 2 read

>>11465026

> My proof go to wikipedia and search "Millenial" or use google you dumb fuck

> Your proof, the quote "according to most people."

You epitomize the stupid millenial stereotype, KYS.

>>11464478
You realize its 0 interest if you only buy what you can afford to buy and treat it like a debit card. And its basically a permanent 1% or so discount on anything you buy with the cash back rewards. And you build credit too.

I've had good experience with Discover Student card for anyone looking to get their first one.

>>11464700
good god 200k income and still broke as a bitch

I only use my CC for gas/groceires and use the cashback to buy dakimakura and onaholes.

>>11464700
We have all doomed ourselves. This is all such unnecessary nonsense.

>>11465047
I asked you to show me some examples, why are you pushing so hard against that and making up things to try and make it so you don't have to?

>>11464453
> millenials don't use credit cards
and here are 13 reason why it is a good thing!

>>11464825
Fuck I meant gen z - fuck - ignore my post - I’m sleep deprived yo

>>11464825
>just turned 20
>gen x
Zoomer logic

>tfw just got approved for a card with a 10% interest rate

gonna be super comfy stocking up on all those shitcoins before the next bullrun.

>>11464518
if you spend 10k on a credit card and can't pay it off that month, you deserve to be in prison.

>>11465198
It’s never at once - it’s overtime - that’s how it gets people.

>>11465254
that's the reason you pay it off every month.
only retards have a balance that you will pay 10-30% on.
if you pay that shit off, you out jew the jew and he pays you.
never spend on a credit card if you can't pay it right away.

>>11464453
>Why are millennials to dumb to know how to use credit cards?

holy fuck I wasn't aware of people getting jewed so hard on fucking credit cards. I got one since I turned 18 and use it for like 99% of my spending (including Amazon, Paypal and apple/google pay transactions) but it is fully paid every 90 days and I never spent a penny on interest. Instead, I'm getting cashback on literally every transaction other than buying drugs and hookers (but at least I got worldwide free cash withdrawals for things like this), airport lounge access, random insurances and maybe other cool stuff I've never used. Credit cards are awesome if your IQ is above room temperature.
Also, what's wrong with people taking car or vacation loans? If you cannot buy it cash, its way beyond your budget. Consider saving. Taking loans for depreciating assets is literally retarded. The only time you're supposed to take a loan is when the (potential) return is higher than the interest. eg take a loan, add some equity, buy property and cover the rate with the rental income. Or maybe buy the fancy car to get the high paying client.

my credit card literally gives me like $200-300 in free money every month with points that work on amazon. "credit cards are baaaad" is a meme. just don't pay for more than you can afford...

>>11466158
this
also credit card issuers are jewing the accepting merchants (which are raising the price, effectively jewing you ofc) for the fee.
jewing low iq faggots on interest is just their side hustle because why not

>>11465300
rip ur fucking credit retard.

I'm 22 I have 7 credit cards and an 800 credit score, I'm also not rich and my income is actually pretty low. It's like a game to me and I just play it pretty well.

>>11465085
good goy

>>11466158
which credit card

>>11466396
citi premier

it's also very good for charge backs. i got tickets to a musical refunded because i said it was shitty

I use a debit card for everything. I already have a car and live with my mom so no need for a credit score.

>>11464908
>not even 18 yet and already wagecucking at a fast food restaurant.
wew have fun working for scraps

>>11465085
i don't need to build credit, i'm not american

>>11466701
You guys don't have a system to rate truthworthiness by borrowing? Sorry for ignorance, burger here and don't know much of foreign economics.

I maxed out a card, didnt pay, and they sent me a tax form saying they wrote it all off and its considered income for me. Some of you guys get 1.5% cashback but I get 100% back.

>>11466734
Hey Anon, other countries realized that credit was a literal Jewish conspiracy designed to destabilize. They even fought a couple wars over it about 100 years ago.
While the benefits of credit seem pleasant in the short term, the long term effects are far enough away that most idiots fall for it, eventually giving up the birth right of their children.
Good luck with all your future endeavors, you're going to need it.

>>11466734
im in the uk, they check loads of stuff like income, debt and taxs etc. You don't need to build any credit level though

>>11464453
The majority of people (no generation in particular) are too dumb to properly use credit cards. Honestly, it's a good thing that fewer millennials are using them, at least for them. Fewer people using them will hopefully result in fewer people misusing them.

>>11464908
Why would you want to pay interest?

>>11466816
Wtf I love bongistan now

>>11466854
this, we know ((((who))) really benefits from credit cards

>>11466876
this
what other ways will they come up with to force, ekhem, I'm sorry, INCENTIVIZE the goyimg to spend their hard earned shekles, we already have pretty wild inflation and the fucking goyim still don't want to spend like retards, what else can we do to make sure they all (((contribute to the economy)))?
fucking evil goyim want to be financially independent, we can't let that happen, MORE USELESS SHIT, MORE INFLATION, MORE JEWISH TRICKS.

>>11466876
>>11466895
Little did we know that Dave Ramsey is doing more to fight (((them))) than anyone else.

If you don't have a cashback or points based credit card that you pay off in full every month thus making money off the card, you're a stupid fucking faggot and deserve to be poor.

There's no quicker way to spot a soulless brainlet than to ask them their opinion on credit cards and have them say they don't use them because muh interest. Literally brain dead moron tier

>>11466954
>let's add another distraction in the goyims' life so they either play our game well or lose

JewSA is the biggest scam country on earth

>>11464908
>pay off my interest whenever I use my credit card
Anon...

>>11464908
>pay off my interest
we got a live one boys

>>11466983
yeah all that free money. damn jews!!! fuck off, moron

>>11464512
>The only people my age who see it as a free meal ticket are those who are financially illiterate at understanding the nature of what they agree to.

so almost everyone?

>>11466983
Imagine being such a soulless NPC retard that the concept of simply paying your cc bill in full at the end of the month is too difficult a concept for you. Kill yourself you abject retard

>>11467017
>free money
you're retarded, people who don't want to use that scam system will pay for those who do.

Same with all the stupid jobs and services that exist only due to inflation aka foring people to spend whatever little savings they have on stupid shit (because they cannot afford to put it inot land etc - that's only for the kikes who print for themselves)

there is always someone paying the price for the degeneracy that all the leeches live off

>>11467026
if a kike told you to jump on your left leg around your house twice a month or you're gonna pay interest you'd be like
>haha look at this npc that doesn't want to jump, it's so simple

disgusting faggots with 0 dignity

>>11464634
unironicallly this.

theres a lot of late adopters praying that crypto explodes and becomes mainstream, but in reality this is how bitcoin is being used. nobody has much savings, and what they do have they put into stocks or bitcoin/altcoins. credit cards and other old finance tools becomes less useful because theyre geared to how the financial situation of most people used to be, but today they serve little purpose.

>>11464506
This desu

>>11467051
Paying your bills in full should be something you do regardless of incentive you fucking 50 IQ brainlet. Being rewarded for doing so with cash back or reward miles is literally a free bonus for not being retarded and yet unfortunately seems to be a concept over your tiny little head.

But yeah blame everything in life on muh Jews dude, typical trumpet NPC behavior

>>11467147
your little bonus or extra good goy points are fucking priced in into products and services you fucking sheep, now go suck some kike's dick because he assigned some extra cuck points to your name

filthy subhuman slave has the audacity to even talk about IQ LMAO

>>11464453

Because we are the most intelligent generation in the history of the human species. It's a fact. And we realize that TAKING LOANS OF ANY KIND, ESPECIALLY AT INTEREST IS FOR IDIOTS. Loans at interest is literally USURY a crime in any respectable civilization in medieval times, literal streetshitting feudal retards figured out that loans at INTEREST inherently cause debt slavery. The fact that boomers did this 500 years later shows how fucking dumb they are.

To explain this, imagine I loan out 10 gold coins each to 10 people of a village, charging 10% compounding interest. Within the first year, those 10 owe me 110 gold coins, already more than is in circulation (theoretically). A few of them may have made enough to pay it back, but most wont. And those that don't will have their debt compounded exponentially again and again until they are so far in the hole they are now my bitch. And no, they can't make their own gold coins, because I am the bank and I and only I can make government approved currency, and all the currency I make is so I can give it in the form of loans.

I'm not playing your fucking game you cunts, I know I can't win so I'm uninstalling and doing my own thing, fuck you. Eventually we will altogether stop taking college loans, car and house loans, and more. And then the fucking rats will realize they have nothing.

>>11467196
>priced into products

That's odd considering my cashback credit card has no annual fee, you fucking mouthbreather. The only ones paying fees are the businesses that take the hit to accept visa/MasterCard/Amex, not my problem.

How do you even find the intelligence to breathe with idiotic statements like that? Literally subhuman nigger behavior blaming everything in life on MUH JEWZ, fucking kikes and their free money amirite?

Just admit you're too stupid and impulsive to ever be diligent enough to pay your bills in full and avoid interest charges so you sperg out when people point out the benefits of credit cards

>>11467204
>taking loans of any kind is for idiots

Wow you're even stupider than the other guy I'm replying to, no surprise you're some zoomer faggot with 0 knowledge

>>11467219
>The only ones paying fees are the businesses that take the hit to accept visa/MasterCard/Amex, not my problem.
and they fucking raise prices to break even on this scam you fucking idiot. Just because you figured out it's better to be a good goy and pay back on time doesn't make you Einstein you retard, you're probably proud of yourself thinking you're winning at this game LMAO

>>11467228
no, you're just a brainwashed cuck who thinks the current monetary system is all great because you got some imaginary points for being a useful idiot

>>11467204
>Because we are the most intelligent generation in the history of the human species. It's a fact.
If you were half as smart as you think you are you would know how to leverage the many benefits of credit cards without ever having to pay a cent in interest.

This whole thread is full of battle kikes trying to convince people that interest isn't usury. What gives?

when I graduated college I was dead set on "not falling for the credit jew"

but then I realized the debit card I was already using was a visa anyway
so the difference between that debit card and some credit card that returns 2% on everything is...?
everything is 2% cheaper
whatever

>>11464453
Thank lord I am the 2%.

>>11464512
Boomer/npc meme aside, those are actually good points to have one. There is also a reason why most millennial are poor and want socialism while I am in the higher group with 2 rental properties and dividend generating stocks.

>>11464453
Can I buy gold with a credit card Anon?

>>11464453
millineal here, why fuck around with death trap. Sure one could have a credit card but one could also chain a lease to their neck.

>>11465085
>gives credit card advice
>discover student card

lmao only on /biz/

I am a 6th grade drop-out Brazilian and I am not retarded enough to get a "credit card"
When I need to buy something I buy using a pre-paid credit card and I can only spend money I can afford to spend

>>11468224
The difference is you can't spend money you don't have with a debit card.

>>11466734
Ausfag here, we only have credit score for negative things like riding a croc around like a horse or what-have-you. You don't get any good boy points for running a large balance and paying it off.

>>11466954
You're literally jumping through hoops and wasting your time to be paid in fucking good goy points. Holy shit.

>>11469421
And why would I spend 1000 bucks that I don't have if I will have to return 1250 bucks?

I don't even pay my taxes! Why would I give money to the bank?

>>11469455
Because you're a moron.

>>11464700
now I know

>>11469462
Your tears are delicious!

I don't need credit, I already have dozens of bitcoin that I'll cash out once I move to Germoney

>>11464825
Scrumptious pasta

>>11468019
No retard, this thread proves that the dwellers of this brainlet board don't realize that you can use credit without paying a penny on interest.

>>11469493
>CS:Go
>Chad
More like CS Go fuck yourself. CS:Source or gtfo

>>11464512
Wait what is wrong with this? I use my credit card like a debit card, paying it off weekly with every paycheck.

>>11469576
1.6 you fucking pussy

>>11469595
1.6 is tryhard

credit cards are stupid, I'll have to pay the debt sooner or later so why create it in the first place. maybe I won't have that money in the future who knows

>>11469617
I do have a hire purchase special card from my bank that splits the price of goods by 6 equal parts for 6 months without debt if you buy it in partner shops but I haven't used it yet

>>11464453
>to dumb
This must be bait, right?

>>11469617
because due to credit card reward programs, all merchants have priced in the 1-5% cash back everyone is getting on all their products, so if you aren't earning rewards on all your purchases, you're paying extra.

best thing to do is buy everything on credit and have an autopay set to pay off the full balance every month.

>>11464774
You want to hear some crazy shit?

I make approximately 24k a year, 2k a month after taxes. I eat out maybe every other night, and I still save $400 a month. I can barely fathom how you spend 200k a year.

>>11464825
>I’m gen x
> first I coded apps and designs at 15
For what, Fucking Windows 95?

>>11464453
>Booms destroy the economy with retarded borrowing
>”WhY dOnT miLlEnNiALs wAnT CrEDIt???”
>>11465171
>10%
>good rate
Is this really what CC rates are? Wtf, you can borrow btc for way less and cash margin rates are less too

>>11466671
whatd you do in your teens? surely your trust fund didnt kick in that early

>>11466741
what the fuck howd you manage that

Guys just a question:
Let’s say I have a credit card debt of $4k or so
If I pay the interest rate every month in addition to depositing money to pay up the spent credit, will the interest still grow or will it remain mostly constant each month
Eg first month has an interest rate of $40, I pay that in addition to $500, next month has interest of $35 and I pay another $500, next is $30 etc

>>11464478
You don't. It only tempts you to acquire debt. Fuck credit. Save and buy things with cash.

>>11470069
sounds like a fluke. the bank probably fucked up the records or something and anon probably only has a nominal amount charged, so odds are it cost less for them to forget the debt and treat it as a refund to the customer, and it's standard procedure to provide tax forms on refunds over certain amounts.

>>11464453
This is probably a stupid question but, if I run my debit card for credit does that do anything towards my actual credit?

>>11464453
what is that and why someone would need such a thing?
Isn't a credit card same as a "fast loan"?
>get a credit card
>pay us money you don't have
>get more credit cards
and that thing Credit score?
wtf man

>>11464453
Im a millennial with 6 credit cards.

Damn am I like the 0.01% or what?

ooooh, credit score is Good goy points
ahahahahahahaha

>>11464478
>>11464506
>>11464518
>>11464587
>>11464625
>>11464732
>>11469388
>>11470599
I use them for the sweet perks. 2% to 6% back depending on what Im buying. Great extended warranties on everything and great auto insurance coverage on car rentals. Get my accommodations and shit paid for when I have flight/travel cancellations and delays. And more!

>>11469438
My "good goy points" get me the best mortgage rates :-)

>>11464453
(((build your credit goy!)))

anyone with half a brain has a rewards card for everyday spending

>>11464518
>Once you get in debt passes 10k - the interest rates eat you alive
lmao, i get fees if i dont spend more than 10k a month

>>11464834
This. I started using my credit card once I left university.

I pay my rent and food on it then pay it off every month. Balance is almost never zero.

>>11469592
Don't pay off weekly. Pay off when the statement is ready.

>>11470599
imagine having such poor knowledge of finance
no a credit card is not like a fast loan. a fast loan charges 30% interest right away, decent credit cards charge 10% or less after two months

guys how fucked am i

I hace -2500 credit card debt and 500 debit. On the 25th I will be paid 2500, so I will have 3000 debit. However I need to pay 2800 on two months deposit and rent. Therefore I can only pay a few hundred on the credit card, and then use the credit card to pay for stuff until i get paid again.

It will be a tough month until end of november but then I can easily pay off the whole balance by end of January. But from this thread it seems my credit score will be ruined forever by this...

>>11464490
Spbp

>>11470676
with -2500 credit card balance your minimum will be about 50, so if you pay 200 you'll be fine. You will get a bit of an interest hit but if you can pay it all off by January I don't see what you are worried about.

>>11470682
>>11470676
fuck sake, difficult to troll with ID's, going to go back to /tv/ now

>>11464518
warren buffet and benjamin graham are both retards and the intelligent investor is a book about how to be the trader that they personally gain the most from by creating. that whole book was wrote to create bag holder for their pnd schemes. with that said loans of any form are degenerate

>>11470668
Why would I need such a card if I have enough cash already laying around?
Why do I need card that takes 10% from me?
I have cash, why do I need a card?
hilarious

>>11464908
Kys

>>11464453
Millenial here. I have a house(not my own, it's my dad's), it's in the city centre.I'm a NEET, living off of my crpyo gains. I can get whatever I want, it's just a 5-10 min walking distance. Even if I wanted to go somewhere further, I don't mind taking the bus or train. It's a crowded city, there's traffic every hour of the day, so sometimes taking the train is even faster and less stressful than driving.

I wanted to buy a car at january but my country has +%100 tax on cars, minimum. Beside that you roughly pay %0.5(or %1 if you deduct the taxes) of the cars value as a tax, just because.Not even going to talk about insurance, parking spot etc.

So literally for neet like me, only travels long distances maybe 2-3 times a year, I'd be more profitable if I use taxi, or rent a car.Even renting lambo breaks even. I won't consume, if I don't have to, or I have a high chance proffiting from it.(same rules apply for houses,boats etc)

I have a credit card, I do pay my bills on the day. But, I only own/spend from credit card because I have money on the side to pay for it. It's not much, yearly %3-5 if you look it from usd/eur side of things, but that's how you make money grow.

The only thing I truly own is my pc, it's more expensive than most motorcycles, even 2nd hand cars(if we don't count the taxes). But I literally sit in front of it at least 10hrs a day on average.

>>11470702
>Why do I need card that takes 10% from me?

Did you not read what he said? It takes 0% from you if you pay it back within a reasonable time.

>Why would I need such a card if I have enough cash already laying around?

Because one day, maybe you don't have enough cash laying around. Maybe you get paid tomorrow so you are sure that you can afford it, but for whatever reason you find that your account is empty when you're at the register about to pay for something.

If you are so orderly that can 100% guarantee that something like that will never happen in your entire life, then I guess there's no need, but most people aren't that autistic.

>>11470693
>warren buffet and benjamin graham are both retards
t. austist
I assume since they are so retarded and you obviously know so much better than them you must be a billionaire?

>>11467337
see>>11467196

kill yourself

>>11464453
The only reason I’ve ever used my credit card is for gas, groceries, and emergencies. That’s all they really should be used for too, just to build a stable credit score and so you never get in over your head.

>>11470676
>>11470682
>>11470686
LOL WUT

>>11464512

yeah you can. i'm flying to asia for $80 practically from America because of two referral bonuses and charging almost all major purchases. Saving me almost 2k. Credit card churning is a real thing anon and if you're not lazy you can really game the system.

>>11464478
i will never get credit cards, why not buy stuff you can afford? i think the original purpose of a credit card was for entrepreneurs investing, not for consumerism

>all these people thinking using credit cards means going in debt and paying interest
Seriously, why do millennials not understand credit cards?

>>11464700
top kek. $1200 towards interest.

JUST

>>11469728
I have cashback with my debit card

>>11471641
yeah, there's a month or two or three of interest free, cool

>>11467314
>and they fucking raise prices to break even on this scam you fucking idiot
Credit card transactions are pennies, they earn money on volume. Businesses don't raise prices over penny fees you imbecile.
Case in point, AMEX has a much higher transaction fee and that is why instead of raising prices some businesses chose not to accept it instead.
But yeah, muh jews

>>11470754
>Because one day, maybe you don't have enough cash laying around

This works against your point as well though. No cash to pay back your debt?

you can't get any once you default on your student loans

[/thread]

>>11470702
Firstly as others pointed out it doesn't take 10% from you.
More importantly the dollar you spend today on the credit card is worth more than the dollar you pay them back with in a month.

>>11464453
Why would I want anyone to be able to see my buying habits?

>>11471816
>durr (((they))) know I go to the grocery store on saturday

>>11469421
>have large line of unsecured credit that you can use unconditionally on anything that won't accrue any interest for two entire months and can be paid instantaneously
>offers inherent fraud protection because charges on stolen credit data can simply be disputed and the money was never yours in the first place
>offers online tools to analyze your spending and compare to your budget unlike your shitty bank's debit card

so yeah, like I said I changed my mind as soon as I realized everything I was buying was more expensive and that I was using my own money for it instead of someone else's

>>11464453
How about spending only the money you have and have a credit card for emergency situations? hmpf retards

>>11471860
offers inherent fraud protection?

HAHAHAHA try using citibank, my dad got his citibank card stolen and they spent 5 grand off of it, you think the insurance worked? Nah he had to pay it himself

>>11471862
This is the only reason I have a credit card.

>>11471874
both of my cards are citibank and it worked perfectly back when nearly every chipotle got hacked a couple years back

sounds like your dad is just a retard and the apple didn't fall far from the tree

>>11471734
Did you miss the part that said "Maybe you get paid tomorrow so you are sure that you can afford it"?

>>11470580
Nope. Even the Credit/Debit cards they give to college students and say that they build credit literally do not build credit. Found out after 4 years lol.

>>11471948
do you know what fraud is? i guess the retard is you, I hope the same happens to you so you can get fucked in the ass too fucking dumbass

>>11471841
>hurr durr. Fuck off.

Its /(()]](((the banks]]]/((]] business to fuck with the population to the greatest possible extend. You make it far to easy for them to calculate to which degree they can scavenge you, showing them your spending habits.

>when you realize most of biz is too retarded to understand credit cards

jesus you mongoloids, you just pay it off in full automatically monthly with no interest whatsoever. its just a convienent alternative to cash with extra benefits.

anyone not using credit cards for benefits or spending so much he cant pay it off next month and has to pay interest on it deserves to get shot in the face

>>11464603
When you take i inflation into account sometimes taking a loan rather than waiting to accrue the cash on hand is actually equal or cheaper especially if you take into account raising house prices.
Variable tax rate is a scam though

>>11464453
I didn't get a credit card until I was 23 with a fulltime job. Is that not normal?

>>11471694
If you can't spend responsibly enough to not pay interest to a credit card you shouldn't be trusted with cash either

>>11470125
You should be paying interest on the outstanding. So the more you pay off the lower the interest

you can only go so far, I think millennials are the most indebted generation and in the most asinine way possible, CC is a red herring