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RE: Forget living on credit - credit cards are a bigger scam than the average ICO

in #finance7 years ago

I use a credit card that gives me enough points to fly anywhere in the world once per year. I pay off my balance every month so I never pay interest. In this case, I think they are useful.


If money is the root of all evil
A credit card is an all-access pass to hell

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Indeed. I've never paid a cent of interest, and have leveraged points from all my various cards to gain a few hundred dollars in rewards this year. If you are dilligent and don't abuse them, you can make it work for you.

Admittedly, I am also giving them access to my purchase history, but hey.

The "Love" of money is the root of all evil ... so it is said.

I have never heard/read it that way ... But Google shows that you are correct. I've learned something new today. :-) Timothy 6:10

As a warning, some companies are beginning to charge by the day, instead of the month.

Do you have any examples?