I am going through credit card detox. I don’t use them anymore. I carry a balance, and I’m in debt slaying mode. However, for people who are responsible with credit cards and pay off their balances each month, there are big perks.
A new book, How You Can Profit from Credit Cards by Curtis E. Arnold, the founder of cardratings.com, will be out in July. Also, Liz Pulliam Weston wrote an article about credit card perks such as warranty protection and help with dispute resolutions with companies. She has a love fest with her credit cards.
I admire those who use plastic responsibly. I have friends who have taken trips to Mexico after getting credit card perks. Once I get through slaying the cards, I won’t put them back in rotation for perks. It’s too risky for my personality.
Do you use credit cards? If so, do you get perks or rewards? Do you think the hook ups given to credit card users are worth the risk of carrying a balance?