General Discussion

madokie

(51,076 posts)

33. 66 years old

Mon Sep 8, 2014, 08:42 AM

Sep 2014

My wife is 62 and neither of us has had a credit card and don't plan too. We use a debit card but thats a whole different world. If we write checks we're penalized but not so with the debit card. we don't keep much cash around so its either write or slide

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Millennials are saying no to credit cards [View all] IDemo Sep 2014 OP

I'm a 57 yo boomer and haven't had one for twenty years. House of Roberts Sep 2014 #1

Senior here, elleng Sep 2014 #2

I use one for the miles but always pay it off each month NRaleighLiberal Sep 2014 #3

I am also a senior homegirl Sep 2014 #15

Old as the Hills and I don't have one either. MADem Sep 2014 #4

Very useful for overseas just make sure you get one with the chip. Agschmid Sep 2014 #8

Absolutely--otherwise, why bother! nt MADem Sep 2014 #13

Unless you go to Korea or Japan (probably China as well) rpannier Sep 2014 #17

Credit cards are bad news. Quantess Sep 2014 #5

They are a way for people to develop a credit history so they can qualify for a house loan. pnwmom Sep 2014 #11

Some people see home ownership for what it is - TBF Sep 2014 #28

As opposed to renting longterm Orrex Sep 2014 #34

It hasn't been for us. With a fixed mortgage, we saw our percent of income that went pnwmom Sep 2014 #39

I'm never going to own a house tabbycat31 Sep 2014 #38

Letting someone else worry about those costs also means that you'll always be subject pnwmom Sep 2014 #40

Rent is the price I'm willing to pay for my santiy tabbycat31 Sep 2014 #41

I can see for many people that makes perfect sense, especially single people. pnwmom Sep 2014 #42

I lived in one place growing up tabbycat31 Sep 2014 #43

Well, we moved and I hated the new schools. So I guess everyone's experience pnwmom Sep 2014 #45

I've found in my life that having enough $$$ is the only stability TBF Sep 2014 #49

Merely one of many tools in the "qualify for a house loan" toolbox. LanternWaste Sep 2014 #48

We've got one we use for just about everything Contrary1 Sep 2014 #6

I'm a millennial I have 5, but zero debt on any. Agschmid Sep 2014 #7

I got a Crapitol One card when I was very young. Live and Learn Sep 2014 #9

using credit cards is a good way to improve your credit score. Mosby Sep 2014 #10

You mean paying the bills for credit cards is a good way to improve your credit rating. Live and Learn Sep 2014 #12

Correct. Although even if you pay them off each month, if the balance is always more than say cui bono Sep 2014 #19

The ideal credit utilization is about 10%. opiate69 Sep 2014 #52

Senior here- I prefer using a credit card to using cash. No Vested Interest Sep 2014 #14

Haven't had one in years Prophet 451 Sep 2014 #16

I absolutely could not live without one. SoapBox Sep 2014 #18

Can likely do the same with a debit card grahamhgreen Sep 2014 #21

It is difficult and sometimes impossible to rent a car with a debit card. n/t MadrasT Sep 2014 #23

My debit card doubles as a Mastercard without being a credit card lunatica Sep 2014 #50

debit cards Locrian Sep 2014 #26

May be true in general. brer cat Sep 2014 #32

Sometimes reversing the charges pipi_k Sep 2014 #37

sure there are probably good exceptions Locrian Sep 2014 #46

I love this ongoing narrative about the "Millennials" Sen. Walter Sobchak Sep 2014 #20

Agreed Sherman A1 Sep 2014 #22

Agreed - I call it "managing expectations" TBF Sep 2014 #30

Our oldest son--a millenial--didn't go to college. mnhtnbb Sep 2014 #24

I don't know if I am a Millennial..but yuiyoshida Sep 2014 #25

None for me please Mr Dixon Sep 2014 #27

I'm older - with Amex for travel and that's it TBF Sep 2014 #29

This is good news tiredtoo Sep 2014 #31

66 years old madokie Sep 2014 #33

I have one through my credit union for emergencies. RedCappedBandit Sep 2014 #35

We didn't have one for a long time gollygee Sep 2014 #36

Are they saying no to credit cards Lonusca Sep 2014 #44

I don't have one nor do I want one anymore lunatica Sep 2014 #47

I have one card Drale Sep 2014 #51

Good for them! redstatebluegirl Sep 2014 #53