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[STEMO]

.....

The only real reason to have a credit card is to be able to say that you have one.

So how do you pay for your shopping or a tank of diesel/petrol? I use my credit card which means I need to carry the minimum of cash ..... and at the moment especially, most places want payment by a card of some sort .... they don't want cash.

Debit card? Applepay/Googlepay? But credit card is just the same. If there was no point in having one, then almost every member of the adult population wouldn't, would they? 

[Doctor Gollum]

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If you have one and rely on it then you shouldn't have one.

 .....

How do you define 'rely on' .... I have 2 credit cards, both paid off in full each month, but credit cards are useful to use & give a degree of protection when used

Using it when you don't have the 'cash'* available.

*cash being a catch-all for non debt balances.

If you're always in your overdraft and using a credit card for day to day living then you're basically donald.

.....

The only real reason to have a credit card is to be able to say that you have one.

So how do you pay for your shopping or a tank of diesel/petrol? I use my credit card which means I need to carry the minimum of cash ..... and at the moment especially, most places want payment by a card of some sort .... they don't want cash.

The point being that you aren't borrowing money to buy household essentials.

[STEMO]

A credit card is also a good way of keeping "pots" or " jam jars". Lots of folk like to see where their money is going each month. Some pore over spreadsheets, others keep lists, etc. Two credit cards, one for fuel and one for supermarket shopping, say, will keep track of exactly how much, and when, you are spending. Some of the new kids on the block, Monzo, Revolut, let you use pots in your current account, and Barclays Pingit is the same. I have a wearable attached to one of my pots in Pingit (a wristband) which allows me to pay contactlessly up to £45 by just waving it at the terminal. All good fun.

[Andy B]

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Debit card? Applepay/Googlepay? But credit card is just the same. If there was no point in having one, then almost every member of the adult population wouldn't, would they? 

But that's taking money out of my current account where it could be earning a little interest (it doesn't anymore, but it did  ) so I used my credit card all month. At the end of the month, my current account paid my credit card acc 

[Andy B]

....
The point being that you aren't borrowing money to buy household essentials.

I am ...  I'm borrowing off MBNA & Santander 

[Doctor Gollum]

It's a way. Good is a stretch.

The 'pots' idea is a modern twist on envelopes of cash for everything, but you need to be more disciplined... Once the 'pot' is empty, it needs to stay that way until the next income cycle, but it's really easy to transfer more into it... once the envelope is empty, that's it.

Also, there's no psychological impact from paying by card as you (almost) aways get your card back.

[STEMO]

....
Debit card? Applepay/Googlepay? But credit card is just the same. If there was no point in having one, then almost every member of the adult population wouldn't, would they? 

But that's taking money out of my current account where it could be earning a little interest (it doesn't anymore, but it did  ) so I used my credit card all month. At the end of the month, my current account paid my credit card acc 

Take no notice of what other people say, Andy, it your money and whatever works for you is the way to do it. Most of the stuff I do with digital wallets and virtual card numbers is just 'playing'. Just to see if it works, it brings a stupid smile to my face when it does. 

[STEMO]

It's a way. Good is a stretch.

The 'pots' idea is a modern twist on envelopes of cash for everything, but you need to be more disciplined... Once the 'pot' is empty, it needs to stay that way until the next income cycle, but it's really easy to transfer more into it... once the envelope is empty, that's it.

Also, there's no psychological impact from paying by card as you (almost) aways get your card back.

You don't say 
Is that why you think some call them jam jars? 

[Doctor Gollum]

....
The point being that you aren't borrowing money to buy household essentials.

I am ...  I'm borrowing off MBNA & Santander 

Why? If you have the money to pay the cards off every month, then you have zero reason to have a credit card, let alone two.

[STEMO]

When I pay for something using Monzo, my phone does 'kerching', like a till. And when I receive money it makes a great sound of money dropping into a jam jar. Small things amuse small minds 

[STEMO]

....
The point being that you aren't borrowing money to buy household essentials.

I am ...  I'm borrowing off MBNA & Santander 

Why? If you have the money to pay the cards off every month, then you have zero reason to have a credit card, let alone two.

Round, like a circle in a spiral, like a wheel within a wheel........

[Doctor Gollum]

 

Exactly. But losing the credit cards removes a wheel or two from the merry-go-round 

[Andy B]

....
The point being that you aren't borrowing money to buy household essentials.

I am ...  I'm borrowing off MBNA & Santander 

Why? If you have the money to pay the cards off every month, then you have zero reason to have a credit card, let alone two.

Convenience.
I got my MBNA card years & years ago when I didn't have the money to pay it off each month, but kept it after I'd got my sh1t together & because there were a couple of things being paid from it each year.
My Santander card pays me a little each month for direct debits each month so pays for itself.
That's why I have two 

[Andy B]

Exactly. But losing the credit cards removes a wheel or two from the merry-go-round 

but my merry-go-round just does its own thing all by itself .....

And I have the convenience of being able to buy £thousands of stuff if I wanted to.

[STEMO]

Exactly. But losing the credit cards removes a wheel or two from the merry-go-round 

but my merry-go-round just does its own thing all by itself .....

And I have the convenience of being able to buy £thousands of stuff if I wanted to.

The merry go round wasn't referring to the circle of money