Card Deals

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Alyssa

“close ‘em, shred ‘em, and forget ‘em!”

I keep extra money in my savings account for emergencies, no emergency credit cards for this guy. The entire credit system is not about responsible people who pay the few loans they took out, or paying loans or your bills on time (i know many people who were late with their bills and are very irresponsible but their credit rating is higher than mine), but a system that is about punishing people for not paying greedy lenders and credit card companies their large profits through interest payments.

You have to choose between having money saved and not being in debt which of course will mean a low credit score or between always being in debt and oweing some form of interest payment to someone (credit cards, loans,etc) which of course will boost your credit score.

I get offered credit cards all the time and people are always on me about never having one, i am hoping that i will never need one but i’m afraid in about another 10 to 15 years from now even people like me won’t have a choice, especially with cash being slowly eliminated from our society. You pretty much have a gun to your head to pay interest on everything you buy rather than just using your own money to just pay the actual price of anything you purchase.

Many people will say,”well if you don’t like the credit system just use cash instead of whining about the system”. Thats the problem! As every year passes it is becoming harder and harder to do that with the systematic elimination of cash combined with the credit rating system. How is this freedom? Don’t people have the right to purchase goods without paying some greedy banks, lenders and credit card companies some form of interest payments without being penalized for it? This is using capitalism to turn this country into a corporate communist state where our country is being sold out to the big world banks. Study the constitution, there is a reason it says what it does say about money.

Even if I weren’t writing for them, I like the idea of a prepaid debit card in general because it offers the safety and convenience of not carrying cash. And, when the money is used up on the account, it won’t go into overdraft mode and knock me with skyrocketing non-sufficient funds charges. Instead, the card gets rejected. I’m not embarrassed about it though, I say, “oh, guess the money is gone.” Seriously it’s not like the cashier doesn’t have similar problems!

Recently, I have been using a prepaid MasterCard or my checking debit card in place of my normal credit card. Notice, I only have one credit card. I have no debt but sometimes you just need the convenience of a credit card when making certain kinds of purchases.

All in all I have three cards. My rewards credit card which is paid off each month, my checking debt card, and my Mango card. I may someday have the nerve to drop the credit card altoghether but I’m not quite ready to make that leap just yet.