It is possible to actually not have a credit card, and probably a wise financial decision for most people since most people don’t have the discipline to control their urge to splurge.

The credit card companies always give people just enough rope to hang themselves, and then when they do they start screaming about how unfair things are. No tears from me, and all these dopes in Washington are going to do with their ill-conceived populist legislation is create further credit shortages through what amounts to wage and price controls on the credit industry.

Though it’s unfortunate that they change things up for responsible users, credit card companies are still doing us a huge favor by extending instant credit to us.