pierre on Nostr: credit cards, for me, are the worst part of fiat. Yes they can be helpful for some ...
credit cards, for me, are the worst part of fiat.
Yes they can be helpful for some people; but the rewards based system for going into debt incentivizes people towards insolvency and living outside of their means, and then charges extortionate interest rates which are often not clear-cut to understand for the average user.
I do not own one; and don’t plan to - even if this is to my detriment, I think It’s always worthwhile placing my ethics and moral framework first.
Yes they can be helpful for some people; but the rewards based system for going into debt incentivizes people towards insolvency and living outside of their means, and then charges extortionate interest rates which are often not clear-cut to understand for the average user.
I do not own one; and don’t plan to - even if this is to my detriment, I think It’s always worthwhile placing my ethics and moral framework first.