More than half of all card transactions are now being paid with debit cards rather than credit cards, according to the Nilson Report. The debate between debit cards and credit cards continues on. Many people made the switch to debit cards in an effort to avoid racking up too much debt and to help manage … Read moreThe Debate Between Debit Cards and Credit Cards
One of life’s rites of passage — whether right or wrong — is getting that first credit card. When used properly, a credit card can help you create a good credit history that will serve you well when it comes time to buy a car or a home. When used irresponsibly, though, credit cards can … Read more5 Tips for Choosing Your First Credit Card
There are a lot of strong feelings out there against credit cards. Plenty of folks insist that if you use credit cards, EVER, you are on the road to financial ruin. No matter how disciplined you are. It is true that credit cards have long been connected to the idea of “easy money” and instant … Read moreWhen to Use a Credit Card Instead of a Debit Card
As the economy gets better, I am beginning to see balance transfer offers in the mail more often. One of the best offers right now is the 0% balance transfer for 18 months from Discover it™. Balance transfer is a tempting option if you’re in debt and want to transfer your balance from higher interest … Read moreShould You Transfer Your Credit Card Balance?
I’m still trying to figure out why people think I’m foolish for using a credit card instead of a debit card. I’m a Dave Ramsey listener and fan so I’ve heard him rant and rave over the credit card — burn it, torch it, drown it, just be sure to kill it (if you’re not … Read moreCredit Card vs Debit Card: 5 Reasons Why a Credit Card is Better
In the past few weeks, I’ve been reading some articles, along with their comments, about people cutting up their credit cards. There are multiple rationales behind this decision. One such rationale is that the credit card companies act immorally by preying on the “weak” who fall into the trap of credit. Another rationale is that … Read more3 Awesome Benefits Offered By Your Credit Cards
Some people think credit cards are evil — for example, famous debt reduction guru Dave Ramsey is completely against it. Some use their credit cards without giving it much thought. Personally, I think credit cards are financial tools that can be used to my advantage, but they must be used with caution. How about you? … Read moreWhat is Your Credit Card Philosophy?
Do you love to “stick it to the Man” as much as I do? Especially when “the Man” is your credit card company? Would you take fiendish delight in telling them to take a well-deserved “time out”? I love it. Maybe I shouldn’t take such pleasure in this…but I do. Recently, I had occasion to … Read moreHow I Went 15 Rounds With My Credit Card Company — And Won
My article 10 Tips For College Bound Students, I wrote that college students should start using credit card while they are in college. This generated quite a bit of opposing comments. Specifically, I wrote: Establish you credit history early. College is a great time to get your own credit card. This way you start your … Read moreCollege Students Can’t Handle Credit Card, Really?
This article is not meant to convince you to try credit card arbitrage. Rather, it’s meant to explain what credit card arbitrage is and start a discussion about it. Ultimately, I would like to hear your thought on credit card arbitrage as a money making strategy. Photo by Classyshot via Flickr First, we start off … Read moreMaking Money With Credit Card Arbitrage