So, what benefit does this “financial tool” offer that outweighs the additional risk? How can a credit card allow for wealth building with less risk than the use of cash?
I can guarantee that I will not be impacted by any credit card legislation, change of interest rates, etc. Just like I know that 100% of all foreclosures are on homes with mortgages. In other words, Dave's plan is guaranteed to bring financial peace, what does using a credit card offer with the same certainty?
How about being able to contest the charge if the vendor doesn't deliver the good or service you paid for? If you handed them a wad of cash or they've already cashed your check you're SOL. I suppose you could take them to small-claims court, but with one call to the credit card company you can have them fight on your behalf.
Look, I get it: you don't feel you can handle the use of a credit card, and that's fine for you and Dave. If you were uncomfortable with firearms I wouldn't insist you carry a pistol. All I'm saying is that Dave's blanket black-and-white statement regarding credit cards isn't good advice for everyone.