| friedtofu said: Credit cards can pay *you* if you use them properly. I rarely use cash ever anymore. if they take plastic I use it. There is no point when you can earn cashback or other rewards when you use your card. Also it can protect your purchases and sometimes extend the warranty depending on the card benefits. They key is to be responsible and make sure you pay your whole balance every month. This way you are not getting finance charge. This only works if you make sure you dont spend more than you can pay off for that period. I earn 5% back on gas and other 'auto related' purchases on my 'gas card', and 3% back on another rewards card. If you use them for everything you normally spend day to day it really adds up month after month. I got over 100$ in cashback last year on one card alone. Make sure to get a card that doesnt have an annual fee! |
You are right, but most people just don't have the type of discipline for this type of use. It may be tempting, but it is a bad reason to use a credit card. I agree that cash is inconvenient, but I use my Debit Card every where. They take it every where now. Blockbuster requires a CC, so I don't rent from Blockbuster on principle, that I don't want to share my CC info and have it on file any where. I will use it for rental cars or when I stay in hotel/casinos, because h/c's usually put a huge hold on your account (and I don't even gamble).
I would cite regulation, but I know you will simply ignore it.
