credit cards are evil... or not?
By faisai
@faisai (1138)
Hong Kong
July 15, 2010 1:01am CST
I have seen quite a lot of messages recently about how bad they think credit cards are: that you have to pay high interest; that you are endangered of losing the card and losing money, etc.
I have quite some credit cards and to my surprise, I am not charged of a single dollar of interest before. Maybe I am spending not aggressive enough to over what I can pay back every month?
So, what is your view on this? Are credit cards really that evil to keep and that it is better to not have them at all?
2 responses
@ivygrey (550)
• Philippines
15 Jul 10
Honestly, when I was still single, I really think that credit card is somehow evil, That's why sometimes I leave it at home, but when I got married and have kids, It turned out to be a life saver, Actually, It really depends on how well you manage your cards and I have to say that I'm very lucky to have a husband who is so good in managing our financial problems. Especially our credit cards. WE have a list on when to use our cards and what to use, Out cut-off/ due dates and stuffs like that. I think that All it takes, Is money management and you will know that credit cards are no evil after all.
@JacobPickett (90)
• United States
15 Jul 10
Did you ask your husband on that? Seems like a lot of work!
@JacobPickett (90)
• United States
15 Jul 10
Yes they can be very bad, because you can use them when you have no money and that is how people go into debt! But if you can some how make sure you have enough money for what your buying on your credit card then go ahead, but it will be a chore that no one likes!
