Well, your other option is to be a little more discriminating on who you issue c... | Hacker News

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ams6110 on Dec 18, 2009 | parent | context | favorite | on: The reason why banks are suddenly repaying their b...

Well, your other option is to be a little more discriminating on who you issue credit to in the first place.

I use credit cards, but only as a convenience. I never carry a balance. Why should I subsidize deadbeats?

gaius on Dec 18, 2009 [–]

Yeah that's what I mean. The alternative to high interest isn't low interest, it's no credit at all.

FWIW I use a charge card, which has to be paid off in full every month.

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