Comments on: Why I Still Love Credit Cards

By: DMH

DMH — Thu, 08 Feb 2007 15:50:21 +0000

I agree 100% with Kevin M

By: Kevin M

Kevin M — Mon, 05 Feb 2007 21:40:17 +0000

Once you know how to use them, credit cards become a cash cow! I’ve got two maxed out with 0% loans, where the money is earning me over 5.35% and 5.45%. I’m making $200 a month in interest for the 10 minutes or so it takes me to pay both of those bills. When those 0% offers are about to expire, I’ll do a balance transfer on them if I can, or pay them off and keep the earnings!

That doesn’t even count the rewards I get for the credit card I use for every day purchases, which is promptly paid off every month.

I agree, for most credit cards can be a problem. But for those who are detail oriented, disciplined and have an emergency fund, they rock!

By: moneymonk

moneymonk — Mon, 05 Feb 2007 17:55:37 +0000

Let’s face it some people are just not meant to have cc’s.

Some are. To each it’s own.

I do not have a credit card. I use cash or debit. It just works better for me. Yeah it can be an inconvenience some times but in the long run it’s a convenience. No bills in the mail.

By: Special Ed

Special Ed — Mon, 05 Feb 2007 17:35:58 +0000

How does anyone make it in today’s world without a credit card? I buy almost everything online… Clothes, Christmas gifts, computer gear, books, music, etc. Just grow up and pay your bills off every month like an adult.