Comment by weird-eye-issue
7 hours ago
No it's actually like asking what cars have to do with debt. You can have a car without going into debt just like how you can have a credit card without debt.
Since you have such high moral standards I hope you don't invest in any index funds because lots of companies in those would probably not live up to your standards
> You can have a car without going into debt just like how you can have a credit card without debt.
Technically this is actually impossible.
You have debt the moment you swipe/dip/tap that card and make a transaction with it.
That you settle the debt before it incurs interest is absolutely not relevant to the types of folks who do not want to carry debt as a matter of principle. I was one for some time while I figured my life out, and even having $100 hanging over my head for a few days was mentally tiring.
It's exactly the same as borrowing $10 from a friend to cover lunch and stressing about remembering to pay them back next week when you see them.
Some people for various reasons simply do not do well with debt at any level. I do now use credit for day to day things and pay it off every month, but that's the only debt I carry. And it is absolutely in every sense of the word debt.