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Originally Posted by amanda6035
Yes, a bill that you have to pay...with interest.
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Well, as others have said, not if you pay it off each month.
Quote:
Originally Posted by ADqtPiMel
I think it's ridiculous to say there's no reason to have a credit card. Just because people misuse them all the time doesn't make them horrible.
My parents opened a credit card in my name when I was young and used it to pay bills, and then paid it off in full every month without fail. They gave me the physical card when I turned 18 and took over paying for everything myself. So as a young adult, I had a nice long established credit history. I still pay off the card in full (almost) every month and I have outstanding credit scores.
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My father did something similar, putting my name along with his on a credit card when I was in college. I used it, he got the bill. Nothing like knowing your dad will get the bill to make you careful about how you use it.
I have three or so credit cards, not counting one for work expenses. I don't use any of them very often -- just often enough that they know I'm there and still paying my bills.