When we buy shoes, or car tires, or razor blades, we know that they’re not going to last forever. At some point, they won’t provide the performance we expect, and we’ll replace them with new ones.
But what about credit cards? The cards themselves may not wear out, but is that credit card you obtained several years ago still the best one for your needs? Credit cards change over time. Interest rates fluctuate, and the terms may be different. The credit card industry is increasingly competitive, and card issuers are constantly changing the deals they offer. Continue reading
Credit cards are handy financial tools. They can be used nearly everywhere, so we don’t need to carry large amounts of cash. They also allow us to buy things today and pay for them over time. That’s okay, as long as you remember that you’ll have to pay back what you borrowed with interest added on. Continue reading
Cash is scary. You have no protection if you lose it. It’s an easy target for theft. Carrying a credit card can protect you from much of those troubles. In addition to being accepted in more places, credit cards have fraud liability protection built into them. You’re only liable for a portion of the total loss. Depending on your credit card, you might not be liable for any of the fraudulent activity on your account. Continue reading