I went credit only back in ‘98. Certainly pay the balance off each month as to not incur interest charges. I get a great deal of cash back in this fashion.
I have put many major expense on cards over the years. College tuitions, funerals, major deposits on new cars, etc...
Of course with this comes many CC compromises. I believe I have had 8 now. Once was a charge on a replaced card that occurred before I even opened the envelope in which the card was mailed to me in.
Apparently there are many scammers in the world that steal numbers in some manner and they do it full time. I doubt any ever get caught.
It’s a shame because retailers just raise the prices on all of their goods to cover this loss they suffer. Walmart being the main victim worldwide. Thus, the consumers, all pay for it.
Certainly a better system should be instilled to avoid this, but it might interfere with the convenience in using them. It would be fine to me, but some people may not like that either.
|