Originally Posted by R8ers
I have 3 accounts
1 savings and 2 debit accounts one online one brick and mortar, direct deposit goes to brick and mortar
I have 1 credit card, if I do not have enough cash in either of the two debits and it's after hours I will use the credit card. I think I used it twice last year and one was for this broke TV BUT IT WAS PAID IN FULL AS SOON AS THE BILL HIT THE MAILBOX.
If someone is barely making enough to pay of the credit cards a month, it's very easy to get into the habit of letting this or that slide til next month, when this happens a man may be more likely to take a day off from work here and there and let that slide at the end of the month too... Before long, the man is up to his ass in debt and blaming the banks for the interest rates...
Rewards are great as long as you are not going into debt to get them...
No arguments. I've said all along that you have to be careful with them and that many people would be much better off going cash only. My point all along has simply been that they can have their benefits for those don't spend more than they can immediately pay off.