In Reply to: What you need to watch with credit cards posted by E-Stat on August 8, 2012 at 16:48:16:
I use my credit card for perks then pay it off before any interest accrues. Our cars are paid for, one a 2007, the other a 2012. The only debt I have is the home mortgage but it's mostly been paid down well below the current market value of the home. And our savings and other investments are greater than the mortgage debt.
My point was, you are better protected against fraud with a credit card vs a debit card making a credit card a better choice for travel and some other scenarios like large purchases.... provided you are disciplined enough to pay it off quickly. Debit card fraud can wipe out your entire account. Personal liability is much reduced with a credit card.
This post is made possible by the generous support of people like you and our sponsors:
Follow Ups
- I don't think we disagree... - AbeCollins 23:36:28 08/08/12 (2)
- We don't - E-Stat 06:08:01 08/09/12 (1)
- Catch Me If You Can - AbeCollins 09:29:50 08/09/12 (0)