etuoyo on 07 August 2007
Credit cards are not the devil as long as you are responsible and sensible. I never pay for anything by cash as long as cards are accepted I use my credit card. With my card I get 1% cash back on my spending and on top of that you don't have to pay the bill till end of the month. So in addition to getting cash back I also defer payment for up to a month and earn extra interest on the money in my current account I would have parted with immediately if i paid by cash. I have direct debit set up so all the money I owe on the card is cleared off before interest starts to accrue. It's only if you don't pay off the balance each month that credit cards become the devil.
