I just thought that today we should start on a lighter note by sharing funny and serious credit card quotes. These have been drawn from the saying of some very famous people from various countries.
Almost everyone nowadays has a credit card and the levels of consumer credit card debt are rising rapidly to a point that it may affect negatively some economies. Our governments need to seriously consider intervening before things get out of hand.
Credit Card Quotes
Below are the credit card quotes:-
“Humanity is living off its ecological credit card and can only do this by liquidating the planet’s natural resources.” – Mathis Wackernagel.
I like the way Matthis Wackernagel links the depletion of the earth’s resources with an ecological credit card. We sometimes spend as if there is no tomorrow piling up all sorts of credit card debt. Just as we are paying the consequences for our lack of care of the earth we will also pay a price for the debts that we incur.
“I had this question asked to me recently when I was buying food for my wife and brother in law and I would like to ask it to other people: Why is it that most celebrities pay with cash as opposed to a credit card? Is it so that they are not recognized right away and want to be more unassuming? – A. J. McLean.
Maybe the celebrities want to avoid credit card debt. There is no reason to pay by credit card if you are not going to clear it all before the credit card company starts charging you interest.
“You stick a credit card in a machine, and you pay $3 or whatever it is to get cash – your own money.” – Bill Janklow.
I have done this before and I know that it is one of the worst ways getting cash. The charges are out of this world. Avoid this at all cost. It is far cheaper to just borrow from friends and family.
“I had no credit cards. I had no checks. I was cash only until I was probably 30 years old.” – Bruce Springsteen.
That was really a wise decision. Credit cards are one of the most expensive ways of borrowing unless offcourse you clear your balance as soon as possible.
“Just like credit card companies, or those student loan people. Now there’s evil for you.” – Jim Butcher.
I like the use of the word, “evil”. It sounds strong but maybe that is a better way of getting people’s attention.
“What this country needs is a credit card for charging things to experience.” – Tom Wilson.
“Money is just the poor man’s credit card.” – Marshall Mcluhan.
A really interesing take on credit cards!
“An American credit card is just as good in Europe as American gold used to be.” – Edward Bellamy.
“A credit card sometimes adds to the high cost of living but more often to the cost of high living.” – Bob Phillips.
High living has a big cost indeed. If you can please avoid using credit cards. Only use it when you are trying to improve your credit, otherwise it is not really worth it.
“Truth is a debit card pay first and enjoy later. Lie is a credit card enjoy first pay later.” – Rohan.
This is perhaps one of my favorite credit cards quote in this post. I like the way he links truth and lies. One is good and the other is evil. You are really better off just using your debit card to pay now and enjoy later and not enjoy now and pay later.
“I can’t even get a credit card without three credit bureaus saying I’m good enough.” – Barack Obama.
The world of lending is now controlled by these credit bureaus. Nothing happens without their involvement unless of course you are borrowing from payday lenders who are more interested in making money than your welfare.
“I never had credit card debt… I was very much about trying to gain my freedom, so it was about saving.” – Jenny Mollen.
If there is one thing that most westerners ought to learn from the east is on savings. We have no problem spending our money than thinking of the future. The savings rates in the western world are among the lowest in the world.
And it is economic crises that lay bare the lack of a savings culture. Look at the millions of people who have had to be laid off in the recent economic recession. Millions who were forced to rely on food banks as they had close to nothing in savings.
“When I turned fifteen, I remember my father gave me a credit card which I was allowed to use for two things: emergencies and books.” – Ann Brashares.
I hope Ann Brashares still follows this lesson of using credit cards for emergencies and books only. No one should use credit cards for normal expenses. It is simply just too costly. I think we need to go back to the time when there were no credit cards. A time when cash was king. Very few ordinary citizens then ended up in unmanageable debts.
“Jonah spoke what everyone was thinking. “Wouldn’t it be Twilight Zone if the door was open, too?” Hamilton tried the knob. It didn’t budge. Ian stepped forward and examined the lock. “Natalie’s diary has better security than thin. “He produced a credit card and slipped it between the latch and the jamb. There was a click, and the door swung wide.” – Gordon Korman.
“I have no credit cards. That was the decision that was made jointly by the credit card companies, and by me. I can’t say that that was completely on my account. I buy nothing on credit now, nothing. If I can’t afford it, I don’t buy it. I have a debit card, that’s all I have. Any debt that I have, I am paying down.” – Neal Gabler.
Wise advice for anyone who cares to listen. If you want freedom avoid debt. It is cheaper to save and then buy what you need than been duped into so called “interest free” loans. There is a cost to everything and the companies selling stuff know the the finance component of each loan.
“You want 21 percent risk free? Pay off your credit cards.” – Andrew Tobias.
That is what everyone should be doing i.e. paying off their credit cards. Don’t be duped by the ads that you see every day online. Just ignore these ads and do what is best for you and your family. Don’t leave debts when your day to depart the stage comes.
“Marry me. You can have all the money and credit cards you want, and the glory of being Mrs. Packer, but you’ve got to let me do what I want.” – James Packer.
Not good for anyone who wants to take this bait. It is him that you needand not his money. It is just a question of time before you realise that money and credit cards won’t buy you happiness.
“Imagine you owe on five credit cards, you owe five debts. So which debt should you pay first? And the answer is very simple. You should pay the one with the highest interest rate first. But that’s not what people do.” – Dan Ariely.
This is really good advice for anyone who wants to clear his or her credit card debt. You need to cleat the one with the highest interest rate first. That is the one that is costing your more in terms of financing your debt.
“A check or credit card, a Gucci bag strap, anything of value will do. Give as you live.” – Jesse Jackson.
Unfortunately credit cards are not something of value. You are using someone or some company’s resources and they will expect you to pay them back with interest. And the interest on credit cards is among the highest finances costs bar payday loans who live in a different planet.
“My credit card company calls me if it looks like I’ve bought too many hoodies and cargo pants for my kid at Old Navy.” – Christy Lemire.
Maybe that is the only advantage of credit cards but they are trying to protect themselves too. This is because in the case of fraud, it is the credit cards that bear the cost in most jurisdictions.
Related Post: Pay Off Debt Or Invest?
“Modern man drives a mortgaged car over a bond-financed highway on credit-card gas.” – Earl Wilson.
The world is drank with debt nowadays. It starts from the government itself which borrows as if there is no tomorrow. And then it comes to us as citizens who are also piling up credit card debts. It is a very toxic environment that may cause problems to our economies in the not too distant future.
“Late payments also hurt your FICO score. And never ever take our a cash advance on your credit card.” – Suze Orman.
If you are interested in improving your FICO score then late payment will affect it negatively. It is something you should avoid at all costs if you want to improve your score.
“Today, people are having to spend so much of their money to acquire a house and to get an education that they don’t have enough to spend on goods and services, except by running into yet more debt on their credit cards and other borrowings.” – Michael Hudson.
It is fine to own a house and to get an education but you need to assess their affordability. Do not stretch yourself very much. If you get a house make sure that your repayments are within the amount that you pay in rent.
And if that too is too high then you need to go down too. There is more to life than competing with others on houses and other things. Only find a house whose mortgage payment is reasonable. If you cannot find a reasonable mortgage then maybe this is no time for that.
“Social security, bank account, and credit card numbers aren’t just data. In the wrong hands, they can wipe out someone’s life savings, wreck their credit, and cause financial ruin.” – Melissa Bean.
I hope you are no the “wrong hands” mentioned here. Otherwise you could be in serious trouble if you cannot manage these cards properly.
“Average household credit card debt topped the landmark of $10,000 in 2006, a hundredfold increase over the average consumer debt in the 1960s. One consequence: Much of the material buried in landfills in recent years was bought with those same credit cards, leading to the quintessentially American practice of consumers continuing to pay, sometimes for years, for purchases after they become trash.” – Edward Humes.
It is really sad that we should be paying for things that we no longer use. That is the curse of credit card debts that is spiraling out of control. This is 2006 and now it is even worse. If this is not brought under control we could have another financial crisis soon.
“Your goal should be to pay off your credit card bills in full at the end of each month and set aside money toward your emergency savings.” – Suze Orman.
This should be the goal of each one of us. All credit card bills should ideally be settled in full at the end of the month and thereby avoiding the high credit card interest rates. Unfortunately that is not the case with many people. The only solution if you are always struggling with credit card debt is to just clear them off and never use a credit card again.
“A cash advance on a credit card is one of the worst types of borrowing because the interest rate is typically 21 percent or more.” – Suze Orman.
21 percent is just too high a finance cost.
“I don’t use a debit card. The safest thing is a credit card because you’re using the bank’s money. If someone accesses your information, they are stealing the bank’s money, not yours.” – Frank Abagnale.
If you intend to pay off the whole balance at month end then follow this advice above. Otherwise avoidl credit cards at all cost.
“I use debit cards for everyday purchases, as I don’t believe in credit cards. But this has caused problems, especially with American touring, because I refuse to have a credit card – and in America, you can’t pay for anything on a debit card.” – Paloma Faith.
This credit card addiction simply unsustainable in the long run. Consumers need to be allowed to use any card they want to use. It is unfair to be forced to use a credit card. It only benefits the credit card companies and not the consumer.
“Oftentimes, small business owners are unable to obtain reasonably priced financing and instead turn to higher-priced forms of capital, such as credit cards.” – Melissa Bean.
This world is unfair sometimes. It appears that the rich can get cheap finance while the rest of us are forced to get expensive finance. The government needs to get in and force these companies not to charge poor people with high-interest rates. Small businesses are the backbone of most economies but unfortunately, they are not treated like that.
“I really like Iceland. One of the nicest things about it is that I hardly ever had to reach for my credit card. There’s practically nothing there to go shopping for.” – Sachin Tendulkar.
I wish there were more places like that. It will get rid of all the credit card temptations that we all face. I need to visit lceland too.
“My wife lost all her credit cards, but I’m not going to report it. Whoever found them spends less than she does!” – Henny Youngman.
A very funny credit card quote indeed. I will be in trouble with my wife I make a comment on this. I will therefore keep my silence, as they say, silence is golden.
“Procrastination is like a credit card: it’s a lot of fun until you get the bill.” – Christopher Parker.
Shopping is really exciting for most people. Unfortunately, it is a different affair when you get the bill. All of a sudden it is not exciting anymore.
“The card companies will often, as a courtesy, honor that credit card, but hit you with a penalty. And you keep swiping your card for $3 at Starbucks for your latte, and you’re getting hit with a $25 penalty because it’s over your credit limit.” – Richard Thaler.
This industry is probably one of the most lucrative industries out there. The fees are just out of this world. I have had the misfortune of cashing a credit card and I was shocked to pay more than the amount I cashed out. Avoid this at all costs.
“The borrower is slave to the lender.” – Proverbs 22:7.
That is why one writer says we should avoid debt in the same way that people of old run away from lepers. There is no freedom for those that are in debt. I remember a few years we were told that we would be declared redundant at the company I was working for and there were a few tears from those with mortgages. They were worried that they may eventually lose their prized houses.
“I haven’t reported my missing credit card to the police because whoever stole it is spending less than my wife.” – Ilie Nastase.
This credit card joke is similar to one from Henry Youngman above. They probably stole from each other. If someone is willing to use a stolen credit card then you can lest be assured that they will spend more than your wife. Otherwise, what is the point of stealing a credit card?
“From this day forward, do not charge anything on the credit card that cannot be paid off at the end of the month.” – Phil Cook.
I wish I had learned this lesson when I started using credit cards. I would not have been through the problems I found myself in. You too need to heed this advice as it may protect you from all sorts of heartaches down the road.
If you are like me and are very forgetful when it comes to deadlines then may be the best solution would be to avoid using credit cards. No point in using a credit card when you have money in your bank account.
Being addicted to credit cards is not a good thing at all.
“Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It’s a trap for the rest of your life because the laws are designed so that you can’t get out of it. If a business, say, gets in too much debt it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.” – Noam Chomsky.
For students, I have a post on 7 Ways To Balance School And Work that can help you if you are struggling to balance school and work.
“You can have my credit card, baby, but keep your red hot fingers off of my heart, lady.” – George Michael.
I hope that these credit card quotes have brought a smile to your face or made you seriously consider your credit card use. Credit card debt is getting worse and worse in the western world and it is only a matter of time before things get out of hand.
If you want to use credit cards make sure that you pay off the whole balance at the end of the month. In that way, you will avoid the high financial costs associated with credit cards.
There are literally too many hidden costs when it comes to credit cards and you need to keep your eyes open. I would advise that you take your time to go through your credit card statements so that you are not taken unawares.
And sometimes it may be necessary to read the agreements properly when you are applying for a credit card. It also doesn’t harm to call them and find out more about their terms.