Comments on: The Credit Card Lie http://www.moneycrashers.com/the-credit-card-lie/ Personal Finance Blog, Your Guide to Financial Fitness Thu, 09 Feb 2012 16:48:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Flexohttp://www.moneycrashers.com/the-credit-card-lie/#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: Flexohttp://www.moneycrashers.com/the-credit-card-lie/#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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