Dave Ramsey is famous for telling everyone to cut up their credit cards. Is this really the best advice? Well, Maybe…
Credit Cards are not inherently bad despite what Dave Ramsey says. Credits cards can be a great way to build credit, get rewards, and earn cash back. They also can provide consumer protection so that your own funds aren’t at risk( as they would be if you used just a debit card).
They only become detrimental when we use them to buy things that we don’t have the money for and when we don’t pay them off before interest starts to accrue.
For some people, it is wise to get rid of their credit cards because they give you power to spend beyond your means.
If you can control your spending, credit cards can be a helpful and convenient tool in your financial tool box.