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Author: TMF2Aruba Big funky green star, 20000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308239  
Subject: Re: Saving vs. Paying credit card debt Date: 6/9/1997 5:15 PM
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<<<These are definately excellant points for the choice of cash over plastic,
however one point I would like to make for the argument of credit is insurance.
My attitude for using credit is this, don't use it if you can't pay if off at
the end of the month. If I have the cash to make the purchase, then I'll use
my card. I then am insured against theft or damage for 3 months. This was
especially useful when we bought a camera for my wife to take to Australia.
Of course not all cards offer this type of protection.>>>

Kelvin,
Excellent point! Credit card users should definitely take advantage of any perks offered by card issuers. Remember, they are still making money from the fee a merchant pays everytime a transaction occurs.

People should also remember to keep the receipts from purchases just for the reason you mention. The insurance factor is a great benefit.

TMF2Aruba
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