Revel in Your Credit Card
by FinanceCookies - July 29th, 2009.Filed under: Uncategorized.
Credit Cards seem to be the axis of evil. We put our current economic blame on them and the companies that back them.
Well think about it this way.
When we are offered a credit card we are usually offered incentives and rewards. If we pay off our debts we will receive a certain amount of nights in a four star hotel or air travel. If so many people are offered these rewards then why are not more people benefiting from them.
The truth is we are offered these rewards because credit card companies do not think we are going to pay off our debts. If we carry a balance then we pay them interest giving them all this extra money. This way they have extra money to offer more incentives to more people and thus their pool of wealth expands.
We should take advantage of this mindset and start receiving those benefits. If we start acting responsibly with our credit we will start to see those benefits come to fruition and we will realize our credit cards are not such bad things.