Skip Nav
Women
1 Man Accidentally Experiences What It's Like to Be a Woman in the Workplace
Money
Why You Should Always Hang Up If You Get a Call About Bank Fraud
Career
How to Travel Around 3 Countries in 3 Months — Without Losing Your Job

Warren Buffett Dislikes Credit Cards

Warren Buffett Is Not a Fan of Credit Cards

It seems that even though Warren Buffett's company invests in American Express, he's not afraid to hide his disdain of credit cards. Here's what he told CNBC:

"I tell every student class I get, high school students, university students, you know, they'd be better off if they never used credit cards now. Now if you use them and you pay at the end of the month so you don't start revolving, that's another question. But I can't make money if I'm out borrowing, you know, at whatever the rate may be — 12 percent, 14 percent, 16 percent . . . I think if credit cards didn't exist, I think probably the economy would be better off."

Image Source: Getty
Around The Web
Join The Conversation
Victoria Beckham Fashion Stole My Smile T-Shirt
Princess Diana and Kate Middleton With Their Kids Pictures
Hair Color Trends Spring 2017
Maxine Waters Responds to Bill O'Reilly Racist Hair Comment
Amal Clooney and Her Mom Out in London March 2017
Sarah Michelle Gellar Pictures Through the Years
George Clooney and Amal Alamuddin | Pictures

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Career
All the Latest From Ryan Reynolds