Sunday, August 8, 2010

The Truth About Credit Cards

1 comment:

Gert said...

So cynical. I've been using credit cards for 30 years. I pay off my balance at the end of the month, and voila, I actually make money from using the card.

It's not that credit card that is bad. Know the rules for your credit card accounts, and abide by them.

The cards are actually safer than debit cards and your liability is limited to nothing and money that is charged by thieves does not come out of your account.

The video does point out some real dangers of using credit cards and not paying off the balance quickly, but really, credit cards are not the problem. It's how they are used.