I know this might just reflect financial culture differences across countries, but let’s give it a try

Edit: as a clarification, I meant credit card compared to debit, not to cash

  • lennier@kbin.social
    1·
    2 years ago

    In the UK, as long as you are able to track your finances well enough to ensure you repay the balance in full each month (you can arrange for this to happen automatically), there’s no reason not to use a credit card.

    You should especially use it for purchases over £100 as by law card issuers are jointly liable for problems with goods purchased, so if I have a warranty issue the retailer won’t help with I can go through section 75 with my bank

    I have never purchased something on a credit card and had it on the balance long enough to pay interest though, the rates are insane.

  • funchords@lemmy.sdf.orgEnglish
    1·
    2 years ago

    I use a credit card because our laws in the USA protect credit-card purchases better than they do debit-card and other electronic purchases.

    Although I use a credit card with revolving credit, I always pay the full balance each month. In this way, it acts as a debit card, but I get the benefits of a credit card. I have to remember to pay it on time, but I can set up autopay even for that.

    My credit union (a kind of non-profit bank owned by its members) is the issuer of the card, and it gives a 2% cash award for credit-card usage.

    • walden@sub.wetshaving.socialEnglish
      1·
      2 years ago

      I do this, too. Anyone with any sort of self control should do the same, unless they prefer cash.

      Using a debit card is too risky.