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Do you carry credit card debt?


82 replies to this topic

Poll: Do you carry credit card debt? (254 member(s) have cast votes)

Do you carry credit card debt?

  1. Yes, quite a bit. (40 votes [15.75%])

    Percentage of vote: 15.75%

  2. Yes, but only a relatively small amount. (38 votes [14.96%])

    Percentage of vote: 14.96%

  3. Yes, but I pay it off regularly. (11 votes [4.33%])

    Percentage of vote: 4.33%

  4. No, I pay off my card(s) every month. (103 votes [40.55%])

    Percentage of vote: 40.55%

  5. No, I don't use any credit cards. (62 votes [24.41%])

    Percentage of vote: 24.41%

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#76 Chuck D. Head OFFLINE  

Chuck D. Head

    River Patroller

  • 3,514 posts
  • Facilitator of the Infinite
  • Location:Woodland, WA

Posted Mon Oct 8, 2012 11:04 AM

No credit cards anymore, everything is on a save and spend basis, excepting the house. Debit cards works for everything as long as you have a $500+ balance for car rentals and the like.

#77 JD6502 OFFLINE  

JD6502

    Star Raider

  • 71 posts

Posted Thu Oct 11, 2012 3:32 PM

I've never had a credit card. It has been inconvenient at times-less so since the invention of the debit card. I guess it's unusual, but I've been utterly debt free since 1986. I paid off a three thousand dollar car loan.

#78 wood_jl OFFLINE  

wood_jl

    Quadrunner

  • 6,910 posts
  • Location:West TN, USA

Posted Thu Oct 11, 2012 9:47 PM

Debit cards are nice, but I only use mine at "official" [my] bank-branded ATMs. That way, when some fraudster gets involved and screws the system, it's THE BANK'S MONEY, NOT MINE. Caveat: One must pay one's bills on time. Thankfully, I have a calendar.

#79 shadow460 OFFLINE  

shadow460

    Gunslinger

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  • Location:The Blue Zone

Posted Mon Oct 15, 2012 5:57 PM

I think I've used an ATM once in the last ten years. I just got used to cash or swiping the pre paid plastic at the register. Using the card is getting more expensive, though, in the transaction fees.

#80 PeBo OFFLINE  

PeBo

    Dragonstomper

  • 911 posts
  • Location:Toronto, Canada

Posted Tue Dec 16, 2014 9:25 AM

Got into real trouble when I was young, but learned my lesson, and have remained a 100% debt free adult for 40 years now.

 

I use a pre-paid "debit Visa" for shopping on line. Other than that, if I can't pay for it, I don't buy it (and my toy chest doesn't suffer....just takes a little longer to fill)



#81 NE146 ONLINE  

NE146

    Dumbass Atari Fan

  • 16,057 posts
  • Location:Seattle, WA

Posted Tue Dec 16, 2014 9:49 AM

I use a credit card with cash-back rewards, but I do not pay it off monthly.. I pay it daily. :lol: (or at the very least, once a week)

 

In other words it essentially becomes a "debit card with hassle". e.g. I buy gas for $50, and something at the store for $25. That night when I'm at home I make a payment of $75.. so I am constantly paying.  To me it just works better for the money to actually leave my bank account as it's used, rather than one lump sum at the end. Just saying. :P


Edited by NE146, Tue Dec 16, 2014 9:50 AM.


#82 Nebulon OFFLINE  

Nebulon

    Stargunner

  • 1,924 posts

Posted Tue Dec 16, 2014 11:15 AM

I clear the slate each month. The interest percentage is just too high.

 

Quite a few cards only allow 26 days to get to it, instead of a full month.

 

It may sound boring, but the brochure that comes with it is pretty interesting. Lots of neat tidbits in there (both good and bad).



#83 adamchevy OFFLINE  

adamchevy

    Stargunner

  • 1,805 posts

Posted Sat Aug 20, 2016 11:45 PM

Sometimes I carry a balance for a few months, but most of the time I pay it off every month.




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