Comments on: No, I’m Not Cutting Up My Credit Cards! (Maybe You Shouldn’t Either.)

By: Financial bondage

Financial bondage — Mon, 28 Jun 2010 11:24:47 +0000

the problem with credit cards is people abuse them, buy things they can’t afford. And they don’t pay the balance off each month.

By: Len Penzo

Len Penzo — Mon, 28 Dec 2009 06:24:18 +0000

If you do carry a balance, BD, try to get it paid off as quickly as possible. Owing the CC companies from month to month can be like getting trapped in quick sand. Very tough to get out of once you’re in that quagmire.

By: BD

BD — Sat, 26 Dec 2009 22:31:36 +0000

I am definitely in Camp Rewards. Using my credit card is how I get points for use in buying Christmas gifts. Once in a blue moon, I’ll carry a balance, since I freelance and have irregular income, but the interest I get hit with in an entire year is usually not more than $10, and the Rewards I get in the same year will be $75-$100. I definitely come out on top.