Thread: Credit cards are a double-edged sword

I have learned a great deal from personal experience as well as from others in many credit forums.

Howdy,

In my own opinion, credit cards are double edge-sword indeed. The first edge is its advantages and the second one is the disadvantages it may bring. In my own experience on credit card it was horrible. I was victimized, sort of credit card debt. Well I'm glad you haven't experienced the one that I have.

How are you the victim of your own debt? That doesn't make any sense man.

Any one of you guys try a gas rebate card. and if so is it worth it. Seems like you can save 20 cents a gallon if you use these cards. Just wondering if anyone has any experience/

I did several years ago and it didn't make much sense then because gas was cheap. But now that I can save 5% on gas, that is significantly more than 1% on everything. Reconsidering...

Helo
I think is good idea if you are planning to buy new house and new car.It might possible credit card help you.

Credit cards can be a double edge sward on the one, you are able to buy particular items or one off purchases instantly without saving. On the other hand this can become addictive. I experienced the wrong side of the sward and had to take a consolidation loan out to catch up and finish paying of my debts which was great for me and was a real help being able to consolidate. I will think twice next time I take credit out.