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Don’t forget those credit card companies can raise interest on their own whim.
There are a few folks I know that are using credit cards to stack their preps, saving their cash for the other expenses associated with life. These are not people that spend frivolously, but feel that unsecured credit card debt is the best option for preps prior to an economic collapse. Sure, it may ruin their credit score, but they will have some food available when it all falls down and credit scores mean very little. A risky roll of the dice for sure, but we live in a time when hard decisions have to be made. And even harder ones later on.
I’m in retail and not really anything you would stockpile. I went back and checked credit card use here just to check the trend. Credit card use July 2018 – 65.83% 2019 – 66.03% 2020 – 67.18% 2021 – 67.83% So far July to date 74.51%. Might be on to something. Enjoy the segment. Thanks