2 Comments Already

mygif
Bonnie Said,
June 16th, 2008 @11:33 am  

I’ve been using an amex blue cash card for 2 years now, and I’ve gotten over $100 in cash back and never paid them a dime. There’s no fee for the card, and I get automatic email updates to remind me to pay my bill, so the chances of me being late on a payment are basically zero. Tell me again how I’m ruining my financial future by using credit cards?

Another advantage of credit cards over debit cards is that if someone steals your card number, they can’t wipe out your checking account. If someone uses your debit card fraudulently, you don’t have any money until the bank sorts it out; if someone uses your credit card, you’ll show a fraudulent balance on your account until the bank sorts it out, but you still have all the money in your checking account.

Credit cards can certainly be dangerous if you use them to spend money you don’t actually HAVE, but the idea that everyone should cut up their credit cards is just absurd.

mygif
June 16th, 2008 @5:17 pm  

I like my credit card. I pay it off in full every month and get $25-50 each month in gift cards from Amazon. Last year we got $425 in Amazon stuff for free because of our credit card.

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