Chapter 4. Credit Cards and Debt

In This Chapter

  • The history of the credit revolution and credit cards

  • Getting and using a credit card

  • Using debit cards and prepaid credit cards

  • Protecting your cards

  • Understanding credit card fees

What a wonderful invention credit cards are. With credit cards, there’s no need to carry cash, and they’re much more convenient to use than checks. They’re easy to get, and you can use them almost everywhere. Nearly every place, from doctors’ offices to convenience stores, gladly accepts your credit card instead of cash. So what’s the problem?

There is no problem, as long as you can use your card wisely and pay back what you owe each month. Credit cards are convenient, no question about it. But they also can be very dangerous ...

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