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False. More Americans use debit than credit for everyday purchases.[1] [1] https://www.nerdwallet.com/blog/credit-cards/credit-debit-survey-2017/ https://www.n

• icedchai 7y ago
  Most Americans are also financially illiterate. For every day purchases (not cash advances), it is always better to use a credit card that offers rewards points... as long as you plan on paying off your full balance every month. It's free money, period.
  • awad 7y ago
    That's something only the minority of the population does, though. "...average individual credit card debt stands at $5,331 in 2019. Additionally, on a monthly basis, most Americans don't pay their credit card balance in full every month - 55% don't regularly pay in full." https://www.thestreet.com/personal-finance/credit-cards/average-credit-card-debt-14863601 https://www.thestreet.com/personal-finance/credit-cards/aver...
    • masonic 7y ago
      Forgive me if I don't take a blog quoting "CreditDonkey.com" as its only source very seriously on this.
  • woah 7y ago
    It’s like the mirror image of gambling. You get a little money constantly and if you are (un)lucky, you lose a lot. I’m not really interested in playing someone’s rigged financial game for chump change.
    • icedchai 7y ago
      Not really. Assuming you never over extend yourself by spending more than you have, you never lose anything.
• masonic 7y ago
  First, that's a survey (no actual usage data). Secondly, that differs from what consumers with a choice use. Many poor don't have credit cards; many more have impaired credit.