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CNBC's Money Honey Doesn't Have a Credit Card

CNBC's Money Honey Doesn't Have a Credit Card

What's one way to make sure you never go into credit card debt? If you never have one in the first place. Ellen DeGeneres couldn't believe that CNBC's Maria Bartiromo, a.k.a. Money Honey, doesn't own a credit card and the two briefly chatted about the topic when Maria was a guest on Ellen. Maria explained that she uses her debit card and doesn't own a credit card, but she's considering getting an American Express card because it requires you to pay off your balance in full every billing cycle. Ellen does ads for Amex and she got a kick out of the company's mention. Check out the exchange in the video below.

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Witchy-Ways Witchy-Ways 7 years
It's totally different where I live (western Austria). People usually ONLY have debit cards, I don't know that many people who use credit cards at all. I hate the way credit cards work and IMO, it's the only reason why people get in debt in the first place: spending money they don't have for things they could easily live without....
ink-on-paper ink-on-paper 7 years
i had a credit card that i never used and it was recently de-activated due to inactivity. i just got an amex and i am using it responsibly (aka: paying everything in full per billing cycle) and hoping to build some good credit that will come in handy for the long haul.
homekeeper homekeeper 7 years
Good for her!
death-by-chocolat death-by-chocolat 7 years
Sure chaton, I agree that would be more immature to recklessly spend, apologies. You should share the other ways you build your credit, I was going to request a post on them! It seems like a lot of people are turning against credit cards these days, and it would be helpful to give everyone ideas on gaining credit that don't include signing up for cards.
chatondeneige chatondeneige 7 years
brookberrys , be careful! Make sure your card doesn't have a penalty for not using it for a certain amount of time. I've heard of people who have figured a card would be closed, but it didn't, and they got screwed on fees. D: I don't have a credit card, because I know I lack self control. I build good credit in other ways. I hardly think knowing yourself and your realistic ability to control your spending is "immature." I think it'd be significantly more immature to get one, imagining it'll help me build credit, spend to my max, and then have trouble making payments. So I'm making the choice, though some have deemed it immature, to not put myself into debt I can't handle. I'm with everyone - I don't like this new setup. I have a spell check in my browser because I use Mozilla, but still... this is a bit irksome.
death-by-chocolat death-by-chocolat 7 years
Eh, I think not having a credit card because you want to "control" spending is a little immature. I've had a credit card since I was 18 or 19 (just turned 22) and when we were buying our house, we heard from multiple people how awesome our credit was, particularly for our age. We even bought after the housing "bubble" burst, and we still were qualified for loans 3x the amount that we WANTED. Its important to build your credit any way you can, since so much of adult life is based on it. Just don't spend more than you have, and keep an emergency fund!
shydcgirl28 shydcgirl28 7 years
Wow. Meh...at the redesign. I don't understand spending outside your means. I agree with you cmd, be a grown-up and pay your bills when they come due, credit is a requirement of our digital on-the-go lives.
cmd0610 cmd0610 7 years
That's silly, people should just learn to have self-control and not overspend and pay off their bill every month. Using a credit card and paying it off is good for your credit which is important for getting good interest rates on loans and mortages.People need to grow up and act like adults, I've never had an issue spending what I didn't have just bc I have credit cards. Plus they can have nice rewards systems too. THis set up stinks, and there's no spell check! I need spell check.
RosaDilia RosaDilia 7 years
I currently use my debit for all purchases. My credit card is for emergencies only and when I travel.
brookberrys brookberrys 7 years
Technically I have a credit card but it's not activated anymore and I'm sure they will close my account once they realize I'm not using it. I just use my debit card for everything. I don't spend money that I don't have.
syako syako 7 years
I hate this new set up! I loved seeing "new comments" AND loved telling if people were gold, diamond, etc. We all look like new members now... Random. Anyway, I have one but don't use it!
ilanac13 ilanac13 7 years
that's what i do. i have an amex because it allows me to make purchases that i might not have the $$ for right that second, but it means that i'll have to pay it in full w/in the month - so it's not really spending outside my means.
mondaymoos mondaymoos 7 years
Not enamored with the new set up... I don't have a credit card either, but the truth is that it makes my life very difficult when I have to travel. Pretty sure CNN springs for all her rental cars, but when I need one, I don't have $350 that I'm willing to let the car rental place just hold onto of my actual cash. I've been considering getting a card specifically for needs like this one.
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