Credit cards can get you in a lot of trouble. But that doesn't mean you need to stop using them. Used the right way, credit cards can give you huge benefits you won't find anywhere else.
Recently, Wall Street Journal columnist Brett Arends wrote about how he's giving up on credit cards entirely and going all cash. He cited some advantages to dumping his plastic, including greater privacy, studies that suggest that people spend less when they use cash instead of credit, and the simple idea that using credit cards benefits big Wall Street bank executives at the expense of local merchants.
All those things may be true for some people. But before you decide that it's worth it to cut up your cards and toss them in the trash, keep in mind that you may be different from the average person and might be giving up a lot by resorting to an all-cash lifestyle.
Reason 1: The Rewards
The right credit cards pay huge rewards. Arends largely dismisses them as not worth it, but many people like the idea of saving $0.20 a gallon on their gas. A 5% discount on rotating categories of purchases which companies like Discover Financial (DFS) and JPMorgan Chase (JPM) offer can save you sizable amounts of money. And as long as you were going to make those purchases anyway, why shouldn't you get some money back?
Even if you're just getting 1% to 2% in cash back,ceramic Injection mold for the medical, that's more than a drop in the bucket for many families. Spend $40,000 a year not a crazy amount for many middle-class households and you're talking about $400 to $800 back in your pocket. That's not chump change.
Reason 2: The Convenience
The number of people who pay ATM fees is appalling.As many processors back away from offshore merchant account , But for many people, finding an in-network ATM when they're on the run simply isn't worth the hassle, so they'll happily end up paying $2, $3, or even $5 just to grab their own cash from their bank account.
Sure,there's a lovely winter landscape oil paintings by William Zorach. there are still some places that don't take plastic. But most of the time,For the last five years Ripcurl , credit cards make things easier. And especially in situations like renting a car; trying to pay by cash and meet a rental car company's policy regarding an extra deposit can be next to impossible. With your credit card, by contrast, you just swipe and go.
Reason 3: The Float
Part of how Warren Buffett got rich is by using the "float" between when insurance policyholders pay premiums and when they make claims against their policies.Traditional Air purifier claim to clean all the air in a room. Credit cards let you use the same trick, albeit on the much smaller scale.
Recently, Wall Street Journal columnist Brett Arends wrote about how he's giving up on credit cards entirely and going all cash. He cited some advantages to dumping his plastic, including greater privacy, studies that suggest that people spend less when they use cash instead of credit, and the simple idea that using credit cards benefits big Wall Street bank executives at the expense of local merchants.
All those things may be true for some people. But before you decide that it's worth it to cut up your cards and toss them in the trash, keep in mind that you may be different from the average person and might be giving up a lot by resorting to an all-cash lifestyle.
Reason 1: The Rewards
The right credit cards pay huge rewards. Arends largely dismisses them as not worth it, but many people like the idea of saving $0.20 a gallon on their gas. A 5% discount on rotating categories of purchases which companies like Discover Financial (DFS) and JPMorgan Chase (JPM) offer can save you sizable amounts of money. And as long as you were going to make those purchases anyway, why shouldn't you get some money back?
Even if you're just getting 1% to 2% in cash back,ceramic Injection mold for the medical, that's more than a drop in the bucket for many families. Spend $40,000 a year not a crazy amount for many middle-class households and you're talking about $400 to $800 back in your pocket. That's not chump change.
Reason 2: The Convenience
The number of people who pay ATM fees is appalling.As many processors back away from offshore merchant account , But for many people, finding an in-network ATM when they're on the run simply isn't worth the hassle, so they'll happily end up paying $2, $3, or even $5 just to grab their own cash from their bank account.
Sure,there's a lovely winter landscape oil paintings by William Zorach. there are still some places that don't take plastic. But most of the time,For the last five years Ripcurl , credit cards make things easier. And especially in situations like renting a car; trying to pay by cash and meet a rental car company's policy regarding an extra deposit can be next to impossible. With your credit card, by contrast, you just swipe and go.
Reason 3: The Float
Part of how Warren Buffett got rich is by using the "float" between when insurance policyholders pay premiums and when they make claims against their policies.Traditional Air purifier claim to clean all the air in a room. Credit cards let you use the same trick, albeit on the much smaller scale.
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