Mar 2, 2017
What are Credit Cards? How do they work?
My personal experience with Credit Cards?
Interest. Billing cycle. Grace Period. Interest free period. Balance Transfer.
Rewards i.e. Airmiles or Cashback. It lures you to spend more.
Late fees. Balance Transfers.
Pay in full each month.
Section 75 consumer credit act: Gives protection if companies go bust but visa debit cards also have these protections in place.
Do you really need a Credit Card?
Cash is still king! Always has and will be!
Emergency savings are a better option then running up Credit Card balances.
Credit Card merchant fees can lead to paying more than necessary.
Not always wise to use credit cards, have you proven to yourself and others to be a good steward of money?