First Credit Card

[Balta1701]

You did a great job of explaining the best possible scenario involving credit cards. I was offering balance. The CC industry spends millions and millions in a marketing campaign convincing Americans that you can't be successful unless you their best customer. I find it funny that people think there is no other way to live than to have credit cards. They trap a large number of the middle class.

The real flaw that you're missing here tex is that yes, the system is rigged to get people stuck into the debt cycle, but Gage et al. have been pointing out that simply "Opting out" of credit cards doesn't get you out for free. You end up spending more money at a number of places. You're paying money to opt out, so you're screwed either way.