I own one credit card. I pay it off at the end of every month, sometimes sooner. And I never use it unless I absolutely have to, otherwise I pay cash.
I’ve been burned before, had bad credit, gotten out of debt and now lead a Debt Free Lifestyle.
Well, that’s good for you! Still, if folks just used cash more, and carried no balance month-to-month on any credit card or line of credit — that would be just as good, for all practical purposes.
There is only one good way to use credit cards. I use my credit card for everything, but I pay in full every month. I never carry a balance. I have always done it this way, even back when we had little money.
Wall Street owns some BIG banks. Bankers own credit card companies. Credit card companies really do throw away incoming mail. Some reports says they destroy bags full of incoming mail every month. Why? To make more money.
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