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Do you use a credit card? Why or why not? (discuss.tchncs.de)

submitted 1 year ago* (last edited 1 year ago) by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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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

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[–] walden 3 points 1 year ago (1 children)

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.

[–] sugar_in_your_tea@sh.itjust.works 2 points 1 year ago

I feel exactly the same way. The only case I would recommend a debit card is if it's at a separate institution from your main savings. That way, you'd only lose up to whatever that account has.

I've seen too many stories of people losing their savings because of a compromised debit card.