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#71824 - 01/03/06 03:07 AM
Re: credit cards
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Member
Registered: 08/25/05
Posts: 1052
Loc: Ohio
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I listen to a Clark Howard on the radio occasionally and he says the worst thing you can do is carry around a debit card because if it is stolen or lost, you could lose all your money in your checking and savings accounts. You are protected if you use a credit card. He says the best card to get is one that gives you a % of what you charge back at the end of the year. But if you have a card that you can actually get free miles that are redeemable (some are difficult to use) then I say go for it. Only you can know if you spend more and if you pay it off each month, good for you!
Daisygirl
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#71827 - 01/03/06 05:12 PM
Re: credit cards
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Member
Registered: 06/03/04
Posts: 2830
Loc: Massachusetts, USA
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I use my Credit card only to buy online or by mail for things such as office supplies and the sort. And I don't buy if I don't already have the funds to pay the bill immediately.
I recently got one CC with no interest for a certain # of months, which I'm using for my CD production expenses. On this one, I'm paying the monthly minimum, as I get the funds in by selling the CDs. On this account I don't charge anything else.
But I do believe that for many, spending more is easier to do with a CC than with the actual cash in hand.
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#71828 - 01/06/06 05:57 AM
Re: credit cards
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The Divine Ms M
Registered: 07/07/03
Posts: 4894
Loc: Orange County, California
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Except for my business, I'm not much of a shopper. I use credit cards because, depending on the card and the month, I've gotten airline miles, 5% cash back from certain types of purchases, and cash credit towards future merchandise. On the cash credit, I got a super nice bathroom scale from Sharper Image, Calphalon cookware, dvd rentals, 30 minutes per month free long distance phone calls, etc. Right now I'm trying to get airline miles because I want to fly to NYC in June for Mom's 80th.
I've never been in debt and think it's stupid to buy a lot of stuff if you can't really afford it. We pay off our credit cards every month. I'm a good money manager (and so is hubbo) so I really don't worry.
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#71829 - 01/07/06 05:46 AM
Re: credit cards
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Member
Registered: 09/22/05
Posts: 12
Loc: Ocean Isle Beach, NC
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I use my Marriott credit card for everything. In order to avoid spending more, I enter each purchase in my check register. That way, I never exceed the balance in my check book and when the bill comes, all the money is sitting in my checking acount to pay the balance in full. We then can use the Marriott points for just about anything.
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#71830 - 01/08/06 03:04 AM
Re: credit cards
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Member
Registered: 01/24/05
Posts: 1550
Loc: Colorado
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Lin,
That is such a great idea!
Danita
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#71832 - 01/11/06 01:23 AM
Re: credit cards
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Member
Registered: 06/03/04
Posts: 2830
Loc: Massachusetts, USA
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Dotsie, my son just turned 18 and he's getting those offers like crazy ! I agree with Meredith. It's not wise to buy if I don't have the funds to pay immediately! That's why all I have is so simple. But I don't owe it !
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