A Reddit user recently questioned whether avoiding credit cards was a mistake, reflecting on his past experiences with Buy Now, Pay Later services and his grandparents' warnings about credit card debt. The article emphasizes that for individuals who can manage their spending, credit cards offer significant advantages, including the opportunity to build credit, earn rewards, and access borrower protections. By using a credit card responsibly, one can improve their credit score, which can lead to lower interest rates on future loans. Additionally, cashback and rewards cards can effectively provide discounts on everyday purchases. The article also highlights that credit cards with a 0% introductory APR can be a more cost-effective option than Buy Now, Pay Later services, as they allow for larger purchases without accruing interest. Overall, the piece encourages readers to consider the potential benefits of credit cards while managing their spending wisely.
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