Tuesday, September 11, 2007

If You're Going to Have a Credit Card

Just for the record - I think credit cards can be very dangerous. I'm sure I'm not the only one. I think I've mentioned before that our daughter, Beth doesn't ever want to have a credit card. I think that's a very healthy attitude, and I hope she sticks to it. Not necessarily never having one, because it doesn't seem possible to live in today's society without at least one, but at least I hope she keeps the attitude that being in debt is a bad thing. The problem is that most of us start out young, and the credit card companies are more than happy to give us as much credit as possible - and we're not smart enough not to use it use it use it. Suddenly one morning, we wake up and we're so deep in debt that we don't think we'll ever make it out. Best not to get into that situation in the first place, and I hope my kids never do.

My anti-credit rant aside, I do think it's important to have at least one credit card. You can't rent a car or stay in a hotel without one, to name a couple reasons. Just having a credit card does not mean the credit card companies get to control you, unless you choose to let them. I strongly believe in using those credit cards to my benefit. If I can get a good balance transfer fee of say, 0%, I have been known to take advantage of that. Right now we don't have any balances to transfer, so the credit card I'm going to use is the one that gives me the best reward. I have been using Discover for most things, but I'm currently switching over to my Chase card because they gave me better rewards. On Credit Rate, my Chase card is currently listed at the top of the page as the best card overall. That makes me feel pretty good, but if someone has different needs than I do, then another card might be a better one for them. You can search for cards based on interest rate, rewards, or even on how good your credit rating is, and then apply right there online. I like that better than all the junk mail I get, constantly offering me new credit cards. Not that being able to search credit card offers online is going to stop the junk mail.

There is also a lot of helpful information on this site such as a guide to balance transfers, and information on getting out of credit card debt - things that, when applied properly, can help to keep credit cards from being so dangerous.


  1. Stopping by to say, I gave you an award on my blog MomCooks, stop by and see what it is!

  2. Stopping by to say, I gave you an award on my blog MomCooks, stop by and see what it is!

  3. When I was younger, I swore I'd never get a credit card. I kept that vow until I was in my 30's. I am now 50 and paying off the debt I accrued.

    Hold your child to that promise! And don't let the credit companies fool you into thinking you MUST have a credit card. You do NOT need one, ever, for anything. There are always other ways to pay (or to assure such things as hotels.)

  4. Debit cards are a wonderful thing. Most are tied to a major CC brand, like mine is Mastercard.

    I have yet to find anything, including air travelm, car rentals, hotel security deposits, where I couldn't use it like a credit card.

    Knowing its tied to my checking account makes me think twice before making those impulse purchases.


I love your comments! Keep them coming.