i don't have a credit card..and you??

Indonesia
May 2, 2007 6:56am CST
i'm 27 and i don't have any credit card.the only card i have is debit card. when i go to shop if not paying cash then i'll use debit card.many supermakets and department stores in here accept debit cards.if i travel to another country i'll bring debit card coz many atms available to draw my money also i'll bring cash and travel cheque.i saw a lot of people have troubles with their credit card and i also afraid get addicted in using credit card. it seems like an easy money..but it's not. every month we must pay plus the rate from the bank.. what do u think about credit card??more benefit or the opposite? thanks for sharing :)
1 person likes this
4 responses
• Philippines
2 May 07
I'm already in my 30's and haven't had the interest to get a credit card ever. I don't believe in getting into debt and seeing how many people get in so much trouble by mishandling their finances through these so-called plastics is enough to scare me away. My brother is also a firm believer of this but our sister has several credit cards to her name. Still, she's the richest among us three and doesn't have to worry much about extra charges and fees. A lot of well-meaning relatives and friends have been convincing me to get one for establishing a good credit history but I can't bring myself to apply for a credit card. Good thing my husband supports me on this. So we just spend whatever cash on hand that we have when we go shopping and go easy with the debit cards, which we also use by the way, but not to the extent of splurging until the balance goes empty. We still practice wise spending and use the debit cards mostly for emergency purposes only.
@KissThis (3006)
• United States
2 May 07
I am like you I have no credit card. I use my dibit card for almost everything I purchase. I have seen to many people get in over their heads with credit cards. Credit cards are to addicting and for most people once they go into debt with a credit card it is hard for them to get from underneath the debt.
• Indonesia
2 May 07
i'm really happy i have several people in this discussion have the same thoughts w/me :) thank u so much for sharing :))
@tigertang (1750)
• Singapore
3 May 07
I used to have a credit card when I was a student. Daddy paid the bills and life was good because when I did not have the money, I just signed for things. Its really easy to sign for things without thinking about where the money comes from and where it goes to. The one-day Daddy cut the credit card and I had to try and make it on my own. I'm actually alot happier without the credit card. I spend what is actually in my account. I'm not sure if I'm a better money manager but I think I get into less trouble with people like banks - who sorry to say to the bankers I know, become like sharks when it comes to getting you to live off credit. There are times when I think a credit card can be handy. Being self-employed, cash flow can be a problem at times and a credit card sometimes seems like a handy tool in helping me to tide over the times when cash flow is tight. However, I remember the fact that it took me a year to pay off a student credit card and how much debt I ran up on Daddy's credit card, I think I just need to work on how I manage my cash flow better. Credit cards are convenient and I think the people who have them will swear by them. But they can be very dangerous if you don't have the money disciline to manage them.
• Indonesia
3 May 07
thanks tiger for the comment :) u're very lucky having a father like that.and yes,u're right, credit card can be a trap to a person who mishandled it.
• India
3 May 07
Credit cards are defenitly big trouble...who needs a credit card when you have the Debit card?...so never fall into the trap of getting a credit card specially if you are an implusive buyer...it gets you into more trouble than its worth ...;)
• Indonesia
3 May 07
thank u so much for agree w/ my comment :)
• India
2 May 07
Hi brand4less! I am a Banker by proffession and have 3 Creditcards. Since i am an impulse buyer i prefer to leave my creditcards at home because when you have cards in hand you tend to spend more than what you can afford and on things which you do not really require. I use my credit cards to pay my expenses which i would get reimbursement from the Bank and i make it a point to payback before duedate.
• Indonesia
2 May 07
i believe many people out there can handle their financial wisely and i'm sure u're one of them :) i'm also an impulse buyer and if i see something i like i may will think about it for days..and i can't imagine if i have those creditcards on my hand..by not having the cards already a way out for me.thanks for sharing !