n Personal Finance Newsletter - Fantastic plastic : banking

Volume 2005, Issue 299
  • ISSN :



Extracted from text ... 14 October 2005 Moneyweb's PERSONAL FINANCE BANKING By STEVEN JONES Fantastic plastic Credit cards are a cheap, convenient method of payment - if used properly. ANY discussion around credit cards tends to place the participants into two firm camps. The "pro" camp speaks of cheap banking, interest-free periods, and instant credit. The "anti" camp refers to anecdotes of people who have been financially crippled by credit card debt. Who is telling the truth? Paradoxically, both camps are correct. Credit cards need to be used correctly in order to obtain the maximum benefit. If misused, they can drag you into financial ..

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