I prefer carrying around credit cards compared to cash, it's more convenient and I don't have to worry about whether I have enough cash on hand when I need to make a large purchase.
I feel safer using a credit card compared to my ATM card due to the chargeback and fraud protection provided by the credit card company. There's less money "at risk" if someone steals my credit card or skims my cc number (which has happened to me at a restaurant before - I paid with a credit card and the guy wrote down the number while handling my bill. A week later he attempted to use it at Best Buy to buy a laptop, which was caught by my credit card company's fraud department.).
I earn frequent flyer miles by spending with my credit card, which (combined with signup bonuses) earns me several free plane tickets every year. Since I fly semi-frequently this is a major cost savings for me.
I pay off my credit card balance in full every month, never incurring interest. In doing so, I show a consistent payment history and build my credit score. I don't particularly need it right now, but if I ever need to take out a mortgage, finance a car, or take out any other kind of loan, having a high credit score will benefit me in the long run.
I literally cannot think of a reason why this is a bad idea, or why anyone would consider this a bad financial decision.
I prefer carrying around credit cards compared to cash, it's more convenient and I don't have to worry about whether I have enough cash on hand when I need to make a large purchase.
I feel safer using a credit card compared to my ATM card due to the chargeback and fraud protection provided by the credit card company. There's less money "at risk" if someone steals my credit card or skims my cc number (which has happened to me at a restaurant before - I paid with a credit card and the guy wrote down the number while handling my bill. A week later he attempted to use it at Best Buy to buy a laptop, which was caught by my credit card company's fraud department.).
I earn frequent flyer miles by spending with my credit card, which (combined with signup bonuses) earns me several free plane tickets every year. Since I fly semi-frequently this is a major cost savings for me.
I pay off my credit card balance in full every month, never incurring interest. In doing so, I show a consistent payment history and build my credit score. I don't particularly need it right now, but if I ever need to take out a mortgage, finance a car, or take out any other kind of loan, having a high credit score will benefit me in the long run.
I literally cannot think of a reason why this is a bad idea, or why anyone would consider this a bad financial decision.