I Have to Use Credit Cards
I have to use credit cards. I am not a spendaholic. I don’t pile up tons of credit card debt. But I have to use the plastic.
Why?
I keep my money longer. I earn money on the money that I keep. I have more flexibility if my life hits a rough spot.
I get protection from merchants. Some merchants don’t care about their customers. When I use my credit card I have an 800 pound gorilla on my team. When I call attention to the fact that a credit card company is on my team businesses become far more cooperative.
I get protection from criminals. If someone commits fraud with my checking account I have to duke it out with my bank to keep from being held responsible for the fraud. With my credit card I simply let the credit card company security department take care of it.
I get perks. Rental car protection, flight insurance, cash rebates and so on. My checking account and the Federal Reserve don’t offer these deals.
Don’t pile up credit card debt. Don’t spend money you don’t have. Do use your credit cards wisely.