Comments on: Credit Cards and Dave Ramsey http://www.socialoutcast.net/blog/2009/03/24/credit-cards-and-dave-ramsey/ Be different... Tue, 24 Mar 2009 16:23:27 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Tertius http://www.socialoutcast.net/blog/2009/03/24/credit-cards-and-dave-ramsey/comment-page-1/#comment-35 Tertius Tue, 24 Mar 2009 16:23:27 +0000 http://www.socialoutcast.net/blog/?p=68#comment-35 I think Dave's focus is on stopping to spend. If you don't have a credit card you can't go into more debt. It's much easier in the U.S. to get into debt with credit cards. Not so in S.A. If you're not a "lover of money" then you wouldn't need to "cut up your card". Credit cards have a lot of perks. With some you get free medical insurance when you fly (up to R1m). With some you get miles. With some you get free insurance on rental cars. Cash back. A concierge to book hotels etc. for you (for free). If have a lust for spending + a credit card. Then the first step to getting out of debt is to stop making more debt. I'm going to live happily with a credit card, because my debit card is not insured like my credit card is. If someone steals my money with debit, chances are I wont get it back. If with credit, easy. I think Dave’s focus is on stopping to spend. If you don’t have a credit card you can’t go into more debt.

It’s much easier in the U.S. to get into debt with credit cards.

Not so in S.A.

If you’re not a “lover of money” then you wouldn’t need to “cut up your card”. Credit cards have a lot of perks. With some you get free medical insurance when you fly (up to R1m). With some you get miles. With some you get free insurance on rental cars. Cash back. A concierge to book hotels etc. for you (for free).

If have a lust for spending + a credit card. Then the first step to getting out of debt is to stop making more debt.

I’m going to live happily with a credit card, because my debit card is not insured like my credit card is.

If someone steals my money with debit, chances are I wont get it back. If with credit, easy.

]]> By: Ross http://www.socialoutcast.net/blog/2009/03/24/credit-cards-and-dave-ramsey/comment-page-1/#comment-34 Ross Tue, 24 Mar 2009 15:51:27 +0000 http://www.socialoutcast.net/blog/?p=68#comment-34 Hmm... good point... my checking account doubles up as a debit card (as far as swiping it goes), but not for online transactions that only accept credit cards (no expiry date or cvv) - which the pre-paid debit card's for (it has those). Man this is going to be a tough ride :P Hmm… good point… my checking account doubles up as a debit card (as far as swiping it goes), but not for online transactions that only accept credit cards (no expiry date or cvv) – which the pre-paid debit card’s for (it has those). Man this is going to be a tough ride :P

]]> By: LRG http://www.socialoutcast.net/blog/2009/03/24/credit-cards-and-dave-ramsey/comment-page-1/#comment-33 LRG Tue, 24 Mar 2009 14:29:19 +0000 http://www.socialoutcast.net/blog/?p=68#comment-33 What's wrong with a Visa/Mastercard debit card tied directly to your checking account (not prepaid) where you can pay bills automatically, or cover the cash shortage on a date, or bail you out in Mexico, or make international payments, or anything else a credit card would do. Except you have to have the money of course... What’s wrong with a Visa/Mastercard debit card tied directly to your checking account (not prepaid) where you can pay bills automatically, or cover the cash shortage on a date, or bail you out in Mexico, or make international payments, or anything else a credit card would do.

Except you have to have the money of course…

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