If you don’t have a credit card, you probably feel smug when you hear about another bankrupt on the news. You’re financially prudent! It would never happen to you because you don’t use plastic! Well you’d better take a seat, because most of your assumptions are wrong. In fact, you’re probably wasting more money by not using credit as a mode of payment:

The Joys of Credit Cards

Why own a credit card? The main reason is not to be able to borrow money. In fact, relatively few people with credit cards are frequent revolvers (people who consistently fail to pay back the full sum of their debt). Most people use credit cards because:

#1 When Used as a Mode of Payment Only, Credit Cards Save Money

To use a credit card as a mode of payment means not relying on the credit function at all. Every ...

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