Obviously we talk a lot about credit card rewards on this site, because one of the best ways to save money on travel is with points. It allows us to have experiences we probably couldn’t otherwise afford. At a minimum, credit cards can save us money on every purchase we’d make anyway.
However, not everyone should use credit cards. For example, if you’re someone who knows you won’t be able to use credit cards responsibly, you absolutely shouldn’t use them. What you’ll pay in financing charges will far outweigh any rewards you’ll earn.
But when I talk to people about credit card rewards, there’s a whole group of people out there who seem to be opposed to using credit cards for reasons I can’t wrap my head around.
Lisa Vanderpump, star of Real Housewives of Beverly Hills, and owner of West Hollywood’s tackiest restaurants, had an interesting interview with InStyle, in which she said the following:
“You’re not gonna believe it, I don’t even have a credit card. I have a debit card, and it comes out of my account. Because if I had a credit card, I would never pay the bills. I just wouldn’t remember. Pandora says, ‘With the amount of money you spend, you should have a credit card so you can get points.’ But I like to know where I stand.”
No, no, no, no, no. Just no. Where do we even start?
- If Lisa is concerned about forgetting to pay her bills, she could set them up on auto-pay; it will literally be no less convenient than using a debit card
- Credit cards have significantly better purchase protection, which, given how much Lisa talks about buying stuff, could come in handy
- You don’t get rich by making dumb decisions and leaving money on the table, and at a minimum she’s giving up 2% cash back by not using a credit card, which is just so silly; she talks about buying a $20,000 dress, so if that’s the case, she could have at least gotten $400 back
C’mon Lisa, it’s time you get a credit card!