Credit card is something weird that I have never really understood, I have seen people spend it like a regular debit card and I never understood why.
I mean I know someone who literally spends all month from their credit card making themselves a debt and then pays it when he gets his paycheck, even have some leftover for cash needs. He could literally stop using credit card and live with his pay check, he does make enough for it, he doesn't need credit card at all, it is just that he uses it because he has some installments on it for couple of stuff and it is easy for him to pay with card than cash so he continues using it. So for people like him, if its not going to make any dent in your economy at all, maybe its not a bad idea at all, maybe it would work for them to invest with credit card.
I think credit cards give people peace of mind in the way that they know there is money available to them at any time of the day. I know someone who uses his credit card just for that reason.
It has gotten more difficult for the average person to make ends meet with how the income hasn't seen an increase in the last couple of years, and that while due to inflation there is like 2% less purchasing power every year.
I also know that certain people tend to use their credit cards just to buy cool things such as a new smartphone. They can't afford one directly but buy one on credit hoping to pay it all back before the 12 month period.
I personally have never used a credit card. My current debit card has an option to unlock credit card features, but that's something I will not touch. I am against spending money I don't have.
