My Evolving View on Credit Cards
Mention the word credit card and you’re likely to get a broad range of responses. You have those who demonize credit cards and blame them for a majority of financial ills and others who love to use them. As one who has held most of the range of opinions on credit cards at one point or another it’s always interesting to discuss it with others.
I’ve shared extensively in the past about my dealings with credit card debt and know that I’m not alone in that unfortunately. Beyond my lack of contentment that ultimately fueled the crazy spending I had come to embrace, the major issue was that I was clueless as to how a credit card was really meant to be used. This is not meant to shift blame by any means, simply to explain that I did not educate myself as to how this financial tool worked.
Over time, however, I began to learn how credit cards should be used. Essentially I learned that it’s a tool that, when used appropriately, is a valuable asset to have – for a variety of reasons. As many of my more regular readers know I have moved to the other end of the spectrum where I now use this tool to earn free rewards that allow my family and I to travel for free. While it may seem strange, it can be a great way to earn something back for your regular everyday spending…assuming you do it wisely of course.
If you’d like to read more about my love-hate relationship with credit cards, please read my newest article at Daily Finance…
Photo courtesy of: Tax Rebate.org