re: Amazon Prime

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I do not use credit cards. I’m debit card (with a VISA logo) only. Debit free - besides my house. It works for me.

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Glad it works for you, but you are literally losing out on thousands a year if you keep no balance.

quote:

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I do not use credit cards. I’m debit card (with a VISA logo) only.
Debit free - besides my house. It works for me.

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Why forego the extra protection and rewards from a credit card?

There's no benefit to using the debit card unless you have zero self-control and ability to budget and pay a credit card off every month.

quote:

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I do not use credit cards. I’m debit card (with a VISA logo) only.
Debit free - besides my house. It works for me.

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Two things:

1. credit cards have financial and security benefits that debit cards do not have

2. if you are disciplined enough to pay off credit cards every month it will have a positive impact on your credit score especially if the only credit you are using is for a mortgage. The improved credit score from using credit cards will positively impact your creditworthiness and interest rates in the event you have to borrow money or decide you would prefer to borrow money for something like a new car, a second home, or take advantage of a zero percent interest option for a purchase.


Some people need to follow the Dave Ramsey approach to money but those with a modicum of discipline are leaving a lot of money on the table by doing so.