Starport Seven-Five
DIS Veteran
- Joined
- Aug 16, 2019
I believe the argument was that the person could put a $5,000 trip on the CC because they lack the $5,000 in cash. That's how I read it at least and would make sense as being "not smart."Of course! But Art apparently believes simply having one is "not smart".
IMO: It's not smart if you aren't paying the statement balance in full each month. When you carry a balance, everything on that card just got XX% more expensive. Very few items make sense to purchase when you combine CC levels of interest on them.It's only not smart if you max it out and only make minimum payments every month, since the interest could end up being an absolute killer. "Little and often" is often advocated as a good strategy when it comes to credit cards.