UnThreaded | Threaded | Whole Thread (66) | Ignore Thread Prev | Next
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 311070  
Subject: Re: Saving vs. Paying credit card debt Date: 6/9/1997 5:15 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
<<<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.>>>

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.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (66) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.