ORIGINAL: davidmil
1 piece of advice to everyone,cut up all credit cards NOW and be rid of them.They are a bad road to nowhere,even if you pay them off at the end of the month.If you need to use plastic,YOU CAN"T AFFORD IT.
Credit card companies have a slick way of "not recieving" payments in time,even if mailed in plenty of time(I have had this hapopen,more than once.
Secondly,you have a much higher risk of having your identity stolen when you use them.
Nothing can be bought with a credit card that can't be purchased with adebit card and the security is better.Plus,you are not using borrowed money.
That's not exactly true. I have the money but don't carry it. If I wanted to buy a car tomorrow and happened to be traveling, I could buy it with my credit card and pay it off when I got home. The card is a convenience if used properly and not like the couple above that owe $25000 for toys on their card. I can go to any restaurant, any hotel in the world and hand them my plastic. Most wouldn't take a check from a bank in Maryland and I live in NY. LOL I can go to Canada and hand them a card and get the best exchange rate. A card is a useful tool if used properly.
You can set up a debit card to do the same thing,just have to have the money in the account to cover it.