Having a credit card doesn't cause reckless spending

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  • On the other hand Riverdale, MD
    Nov. 5, 2012 6:37 a.m.

    @luv2organize, the big advantage to having a credit card, for me, is that it provides a mechanism for me to build credit. I don't use my credit card for everything, but I do use it a few times a year. I never charge more than I already have in the bank, and I always pay my balance in full before I'm charged interest. The thing to avoid isn't the credit card itself, it's credit card debt. For some people, the easiest way to avoid the debt is to avoid the card. I can appreciate that. But that's not the right answer for everyone. Not only is it possible to be a responsible credit card holder, it can be beneficial.

  • luv2organize Gainesville, VA
    Nov. 1, 2012 8:57 a.m.

    Such a goofy article. Did you know that you ultimately spend more using a credit card then using cash? That alone is reckless spending! Go with cash or debit cards. Use a budget. Avoid the credit card companies and big banks that truly DON'T have your best interest at heart!

  • NedGrimley Brigham City, UT
    Oct. 31, 2012 5:23 p.m.

    Article: ‘Having a credit card doesn't cause reckless spending’...Unless you're one of the quoted percentage for which it does cause reckless spending...