Comment by strix_varius
16 days ago
This presupposes the ability to get a credit card and the confidence of sufficient funds when that auto payment hits.
16 days ago
This presupposes the ability to get a credit card and the confidence of sufficient funds when that auto payment hits.
If the alternative was paying cash, cash has an even more demanding level of confidence of sufficient funds required and it applies earlier with no flexibility.
No it applies at whatever time you choose - it's the most flexible option for a person whose wealth fluctuates frequently around a low baseline.
I don’t think I understand.
If I pay cash for everything and my cash level fluctuates down to $0 temporarily, how do I buy something right then?
[flagged]
How is this different than paying with cash or debit?
Because cash and debit allow you to pick the time in the month when you happen to have the ability to pay for something.
Frankly these questions astound me, do y'all really know no low income folks?
You can always use a credit card as a debit card. Pay it off to zero every day. Indeed with the very low limit cards people with bad credit can get, you kind of have to pay it down faster than the bill comes if you want to keep using it.
With cash: you must have the money when you make the purchase.
With card: you can set the cash aside at the time of purchase to pay when the card bill is due.
How does the card give you less flexibility or make it harder to pay for?
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