kuro5hin.org || Dispelling Some Myths About Credit Cards

Here is a really great story from kuro5hin.org about how to use a credit card responsibly. If you are getting your first card, or know someone who is, this should be an enlightening article.

Periodically, various scary myths about credit cards begin to be circulated, and having seen this in a number of locations, I've decided to write a short article dispelling some of them. As an added benefit, this should also serve as a 'how to use credit cards without getting screwed.' As with many myths, the ones about credit cards do come from some true stories, but they're ones that are quite easy to avoid if you know what you're doing. Now you may say 'a debit card is better anyway, so why should I care?' I disagree, so a secondary focus of the article will be to explain why credit cards are preferable, in many cases, to debit cards.