Comments on: The Credit Card Lie http://www.moneycrashers.com/the-credit-card-lie/?utm_source=rss&utm_medium=rss&utm_campaign=the-credit-card-lie personal finance blog Sat, 21 Nov 2009 04:07:50 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Flexo http://www.moneycrashers.com/the-credit-card-lie/comment-page-1/#comment-200 Flexo Wed, 01 Feb 2006 04:55:47 +0000 http://moneycrashers.com/?p=26#comment-200 (... pastic and *not* cash ...) (… pastic and *not* cash …)

]]> By: Flexo http://www.moneycrashers.com/the-credit-card-lie/comment-page-1/#comment-199 Flexo Wed, 01 Feb 2006 04:55:00 +0000 http://moneycrashers.com/?p=26#comment-199 Once one can manage their finances expertly and no longer in debt, no-fee, cash-back credit cards can be used as a useful tool... if: 1. You are careful not to spend more just because it's plastic and cash 2. You pay your balance off in full, on time, every month It take a lot of discipline, so the idea isn't for everyone, but if you're not leveraging debt and instead using credit responsibly as a planning mechanism (and have enough cash to back yourself up if you get yourself stuck), credit cards aren't so evil. BTW - I just discovered your site... looks great! Can't wait to read more! Once one can manage their finances expertly and no longer in debt, no-fee, cash-back credit cards can be used as a useful tool… if:

1. You are careful not to spend more just because it’s plastic and cash
2. You pay your balance off in full, on time, every month

It take a lot of discipline, so the idea isn’t for everyone, but if you’re not leveraging debt and instead using credit responsibly as a planning mechanism (and have enough cash to back yourself up if you get yourself stuck), credit cards aren’t so evil.

BTW – I just discovered your site… looks great! Can’t wait to read more!

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