Just got back from FinCon. Of course I told everyone how I like to travel using credit card points & miles. Within the personal finance/FI/RE community, I was shocked how many people still don’t have credit cards.
And these are people who delight in number-crunching!
I understand the concerns about mismanagement, overspending, or accidentally missing a payment. But fact is, credit cards are part of adulting because your credit score is part of adulting.
Responsibly using credit is a sign to lenders that you qualify for lower rates and higher lines of credit. You can’t even rent an apartment without a credit check these days.
And if you’re counting every penny, you definitely want a credit card. Because you can get back 2% of everything you spend. For completely free. Why wouldn’t anyone want that?