In the last month or so, I have gotten a few emails asking why I talk about using credit cards on this site. I took the time to answer the people directly, but I wanted to mention it here just in case there was anyone else wondering. I am not, contrary to what some may believe, anti-credit card. I have credit cards, my wife has credit cards, and we use our credit cards. Often. In fact, I have 5 credit cards and my wife has 2, and we have about $200K worth of open credit to our name. So we would be pretty far from being anti-credit card, yes? I charge almost all of our monthly expenses to my Chase Amtrak card so we can take free train trips every year, and my wife charges all her expenses to her Working Assets card which gives money to charity when you use the card. And for my business expenses, I still use my American Express Business Gold Card, which I will continue to use until I have enough points to get a decent reward. (And then I will switch those to my Amtrak card as well) So, far be it from me to tell people not to use credit cards! In fact, I have quite the opposite opinion of them…if as a card user you can follow a few easy rules:
Click to continue reading...
