Comments on: Using (or not) your credit cards responsibly

By: » Yes, YOU are the problem, not your credit card

» Yes, YOU are the problem, not your credit card — Tue, 12 May 2009 18:03:56 +0000

[...] written before in amazement that the average credit card balance is $8,000. Today, I read a Time.com article [...]

By: 52lemurs

52lemurs — Fri, 01 Aug 2008 10:51:56 +0000

Yeah I couldn’t agree more. I do all my spending on amex blue and pay off my entire balance in full every month by direct debit automatically. This not only allows me to be fully insured and protected against fraud on all purchases but also gives me back around 100-200GBP in moneyback/cashback once every year in September which is deducted from my balance. For places that don’t accept amex I use the john lewis mastercard which gives me store vouchers every three months. Compared to such cards debit cards offer no added value! Use the facilities provided by such companies to your benefit and as long as you pay off in full every month it doesn’t cost you a penny!

By: Matt Passell

Matt Passell — Wed, 30 Jul 2008 13:24:04 +0000

Agreed! During college, an otherwise knowledgeable friend of mine revealed that he was unaware that you didn’t have to pay any interest on credit card spending if you paid the balance in full every month. I was dumbfounded!