01/30/2022
The biggest argument I hear from people on why they keep their credit cards is for the rewards. People LOVE their credit card points. From cash back to airline miles, manipulative credit card companies have done a great job drilling this concept into our minds. Credit cards are not the way to financial security. In fact, they’ll take you in the opposite direction.
Think about all the extra money you’re spending to “earn” those airline miles. A "buy now, pay later" mentality causes people to spend more than they would if they used their own hard-earned cash. (And that’s even before the interest kicks in.) You know what else you can book flights and hotels with other than credit card points? ACTUAL money in your own checking account.