• Sir_Kevin@lemmy.dbzer0.com
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    1 year ago

    I mean if you’re living paycheck to paycheck it doesn’t matter if you’re driving rewards or not when a hardship hits.

    It could be argued the person churning credit cards would have the credit rating necessary to get a loan/advance during such a good of need. Whereas someone paying cash all their life would be SOL.

    • TCBloo@lemmy.world
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      1 year ago

      If you’re living paycheck to paycheck and putting more than a tank of gas on the card every month, you’re doing it wrong. If you have more credit card debt than savings, you’re doing it wrong. Part of basic financial literacy is building a safety net, so you’re not immediately fucked when something goes wrong.

      • Sir_Kevin@lemmy.dbzer0.com
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        1 year ago

        Agreed. I’m saying someone living paycheck to paycheck can still use credit cards and pay them off each month while collecting the reward points. You can pay all your bills with credit cards and immediately pay the cards off each month. It’s the same amount of money, just an extra step.