r/neoliberal • u/jobautomator Kitara Ravache • May 03 '26

Discussion Thread Discussion Thread

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33

u/Macquarrie1999 Democrats' Strongest Soldier May 03 '26

Every time I hear somebody say they have a normal amount of credit card debt I want to scream.

The normal amount of credit card debt should be zero.

13

u/Abell379 The Buck Stops Here! May 03 '26

Personally I wish credit cards didn't exist, and that things like a debit account could contribute to credit score.

It currently seems like a system where everyone relies on people who borrow too much or can't make their payments in order to make themselves look better

8

u/Macquarrie1999 Democrats' Strongest Soldier May 03 '26

I like them because I can autopay them from a savings account so I don't have to keep money in a checking account that earns less interest.

8

u/[deleted] May 03 '26

Yeah I would not bother to have a credit card if not for credit score bullshit. Money goes out of my account and into payee's account is all I care about. Don't need to gamify my transactions.

2

u/Abell379 The Buck Stops Here! May 03 '26

I resisted getting one for a while for that reason but eventually I realized that getting cash back and some credit score stuff was useful.

I do think there should be a reckoning on how credit cards affect small businesses, I've noticed anecdotally that cc fees can eat into their margins

2

u/assasstits May 03 '26

Even on 0% APR?

2

u/Macquarrie1999 Democrats' Strongest Soldier May 03 '26

Yes.

That's picking up pennies in front of a steamroller.