Comments on: Love credit cards and hate credit card debt

By: excel budget template

excel budget template — Fri, 03 Jul 2009 04:25:00 +0000

I think the latest is good that more credit card companies are going green, and carbon emissions are offered as a reward.

By: Jarod

Jarod — Thu, 11 Sep 2008 19:49:51 +0000

I’ve been reading through a few similar blogs, I like what you have to say. IMO, credit card companies have been exploiting American consumers through unethical, yet “legal”, practices. Its a shame…

By: Jules Carney

Jules Carney — Sat, 23 Aug 2008 10:21:42 +0000

“Wow”, it is so nice when someone break such a hard topic to understand very easily. I am very glad to see you here again.

Done a brilliant job and Best of luck for your upcoming one!

By: Money magneto

Money magneto — Thu, 21 Aug 2008 10:12:33 +0000

I hate all credit cards expect those that offer 0% on balance transfers.

By: Lillian

Lillian — Tue, 12 Aug 2008 17:09:43 +0000

Spending wisely and responsibly is the most important thing to do when using a credit card. Try looking for a rewards card that gives you points for spending on that card (if your going to spend the money anyways, why not get something for it?)Don’t charge what you don’t have the money to pay off and pay your bill in full each month. Also, go to a website that has card holder reviews so you can see the opinions of other people and also read up on the rates, fees and anything else about the card that you can find (better to have no surprises later=))! I used the CardOffers website and right now they are having a promotion where they will send you a check if you are approved for one of the cards in their promotion section.

Happy Spending!=)

By: jay

jay — Thu, 19 Jun 2008 14:09:58 +0000

credit cards need to be used with a fair degree of wisdom and discipline or NOT AT ALL!!
Bad bad credit cards…I only use my debit card now – if it’s not in the bank, I don’t spend it..

By: Pamela Grundy

Pamela Grundy — Sun, 15 Jun 2008 21:35:45 +0000

People who are able to use credit cards responsibly are few, which is why the cards are profitable for credit card companies. The interest rates, fees, and fee and rate practices should be more heavily regulated IMO. Yes, people should be responsible with credit, but that includes the companies that offer credit. They have a fiduciary responsibility to their customers that they have been shirking shamelessly for years now.

By: T'pol

T'pol — Sun, 15 Jun 2008 11:43:58 +0000

I carry two credit cards and charge most of my spending but I never carry a balance. Both cards are paid in full every month. I have an Excel sheet on which I track my budget on a daily basis. I always plan my purchases and use the rewards wisely. For the last 6 trips I had to the US in the last 10 years I never paid a dime for my flights. In two occasions I even could buy two tickets. A direct flight from Turkey to NY is never cheap. I totally agree with the commenter whos says it’s like alcohol.

By: Steve

Steve — Sun, 15 Jun 2008 05:35:48 +0000

I akin credit cards to alcohol. While there are many people who can use credit cards wisely, there are many who have hard-core spendthrift personalities. Those people will get deep into debt with credit cards for useless reasons, and then they are in too deep and their lives spiral out of control. Alcohol is the same way; some people have highly addictive personalities or chemical makeups that will cause them to abuse alcohol. Alcohol, in the hands of those without the ability to limit consumption, will cause that person’s life to spiral out of control.

In both cases, there are people who are responsible with alcohol and credit cards, and they add a benefit to one’s overall quality of life. I like a fine wine, good beer, or exquisite scotch once in a while, but I hardly make it a habit. Same with credit cards. I use them for getting cash back on purchases that I would make anyway (gas, clothes, food), and I pay off the bill each month. I also use it for work expenses, so I get rewards from my card while I get reimbursed from my employer…a win/win situation.

Neither credit cards nor alcohol is inherently evil; however, the unwise use of either can cause quite a bit of misery for the abuser and those around him/her.

By: budgetsaresexy

budgetsaresexy — Sat, 14 Jun 2008 01:18:12 +0000

I agree 100% – I allot a budget to my credit card each month to make sure i’m in the clear, and then pay it off every month so there’s no interest.

w/ the exception of a cple months (due to wedding expenses), i’ve been rockin’ it for years.

Credit cards = my best friend