We simply made the decision when the CC companies decided to adjust rates with “so and so” many days notice that what if one day they raised rates beyond our ability to pay? Or what if the Cycle of payment was shortened past the current 28 days? Or what if...
We work hard for the income we have, therefore we guard our ability to make decisions in the manner we spend it. Works for us although it is not for everyone.
Does it cause some POS problems? Yep. We’ve learned to carry more ID for checking into a Hotel if necessary, budget how much cash we should have on hand, and not spend more than we have coming in.
I might disagree with the Government not creating money on plastic - EBT, Veteran Benefit Cash Cards, etc - those are (at least until a budget is passed) created electrons representing Credit/Debit/Cash available that does not truly exist.
Vets benefits, foodstamps etc... that can’t be any phonier than a Treasury check of the kind one gets for a Federal income tax refund if opting to be repaid by physical check.
>>We simply made the decision when the CC companies decided to adjust rates with “so and so” many days notice that what if one day they raised rates beyond our ability to pay? Or what if the Cycle of payment was shortened past the current 28 days? Or what if...<
I have never had my CC payment cycled reduced in over 20 years. If you use your CC the same as cash and always pay it to zero then it IS the same as cash. The billing cycle is irrelevant if you have real money to cover the purchases.
>>We work hard for the income we have, therefore we guard our ability to make decisions in the manner we spend it. <<
As opposed to us trust-fund babies who work 60-80 hours a week and put on (until recently) 20+ hours travel a week.
You are confusing “spend” with “pay.”
>>Works for us although it is not for everyone.<<
It works now. In the near future it wont work at all and you won’t be in a mature position to deal with a 100% plastic society.
>>>Does it cause some POS problems? Yep. We’ve learned to carry more ID for checking into a Hotel if necessary, budget how much cash we should have on hand, and not spend more than we have coming in.<<
Rented a car lately? Without a credit card it can’t be doe at all. And resort hotels put between $500 and $2000 on your card when you check in. It might be a DR card but that meas you are “paying” that much.
>>I might disagree with the Government not creating money on plastic - EBT, Veteran Benefit Cash Cards, etc - those are (at least until a budget is passed) created electrons representing Credit/Debit/Cash available that does not truly exist.<<
You need to learn about M0/M1/M2/M3 etc. The government does not “create” plastic money. All those plastic EBTs need to be “filled.” They are ECHOS of the federal Monetary supply. The problem is at the federal level where they “fill” the accounts that used to “fill” with funny money.