I've used credit cards for 35+ years and never paid a dime in interest or fees of any kind. In recent years I've made close to $20k in cash back. While this is not what I'd call 'wealth', it sure hasn't hurt! I choose to play with snakes, and as yet haven't gotten bitten once. Yes, they hiked up my interest rates in the past 6 months, but you know what? I don't care as I don't carry a balance. I don't spend more with a card than with cash because I make a list of what I need before I shop, and stick to the list.
When a friend and I got mugged, he lost several hundred dollars. I lost nothing as I was carrying credit cards only.
With responsible spending credit cards can be a great way to make a little extra cash.
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I've used credit cards for 35+ years and never paid a dime in interest or fees of any kind. In recent years I've made close to $20k in cash back. While this is not what I'd call 'wealth', it sure hasn't hurt! I choose to play with snakes, and as yet haven't gotten bitten once. Yes, they hiked up my interest rates in the past 6 months, but you know what? I don't care as I don't carry a balance. I don't spend more with a card than with cash because I make a list of what I need before I shop, and stick to the list.
When a friend and I got mugged, he lost several hundred dollars. I lost nothing as I was carrying credit cards only.
With responsible spending credit cards can be a great way to make a little extra cash.