Comments on: Credit Cards: Friend or Foe? http://moneysmartlife.com/credit-cards-friend-or-foe/ Money Tips for a Better Life Thu, 17 May 2012 16:08:14 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Tina http://moneysmartlife.com/credit-cards-friend-or-foe/comment-page-1/#comment-33650 Tina Thu, 29 Nov 2007 15:15:54 +0000 http://moneysmartlife.com/credit-cards-friend-or-foe/#comment-33650 Exactly! Unfortunately, since it is so easy to pull out the plastic, many people tend to spend beyond their means. Exactly! Unfortunately, since it is so easy to pull out the plastic, many people tend to spend beyond their means.

]]> By: Terrence http://moneysmartlife.com/credit-cards-friend-or-foe/comment-page-1/#comment-33217 Terrence Tue, 27 Nov 2007 21:50:07 +0000 http://moneysmartlife.com/credit-cards-friend-or-foe/#comment-33217 Credit cards are most definitely my friend, but only because I pay them off in full every month. Credit cards are great for all the reasons you mentioned plus many more. I like it for the convenience it provides me. I don't like to carry cash and it consolidates my spending in one place for me to see every month. Since I have a cash back card, I essentially save 1% on everything I buy. Further, you have certain rights when you use a credit cards like being able to dispute charges, etc. which you won't get with cash. Just don't buy anything you can't pay off at the end of the month. Added benefit of essentially getting an interest free loan for the length of the floating period. Credit cards are most definitely my friend, but only because I pay them off in full every month.

Credit cards are great for all the reasons you mentioned plus many more. I like it for the convenience it provides me. I don’t like to carry cash and it consolidates my spending in one place for me to see every month.

Since I have a cash back card, I essentially save 1% on everything I buy. Further, you have certain rights when you use a credit cards like being able to dispute charges, etc. which you won’t get with cash.

Just don’t buy anything you can’t pay off at the end of the month. Added benefit of essentially getting an interest free loan for the length of the floating period.

]]>