Originally Posted by
Flogger
Dave Ramsey is not right about everything. Credit cards have many advantages over cash or debit, if you have the discipline to not carry a balance.
I pay every bill and purchase I can with a no-fee credit card and use the reward points for airline tickets and over $1,000 a year in lowes gift cards which gives me $50 for $40 worth of points. Just don't carry a balance. Pay it off every month.
Further-disciplined use of a credit card helps build a good credit rating which these days afffects more than credit, ranging from insurance, qualifying for a mortgage, to employment opportunities.
I agree that he isn’t necessarily right for everyone’s circumstances. I believe he gives advice to the lowest common denominator. As an example of something I don’t agree with him on is not getting a mortgage unless you can put 20% down on a conventional 15 year term with a PITI of no more than 25% of your monthly gross income. I only replied to your post because you mentioned bragging to Ramsey. He wouldn’t approve of your advice.