Comments on: Consumer “Bill of Rights” Credit Card Bill Clears Senate http://moneymorning.com/2009/05/19/consumer-bill-of-rights/ Global Investment News Tue, 14 Feb 2012 12:31:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: John http://moneymorning.com/2009/05/19/consumer-bill-of-rights/comment-page-1/#comment-6603 John Tue, 19 May 2009 20:38:10 +0000 http://www.moneymorning.com/?p=7426#comment-6603 It's only natural that the credit card bill gets passed (obviously, it's not quite done yet). After all, which representative is going to say no? His/her opponent will have a field day in the next election when the time comes. Now, it's only natural that banks are taking issues with this. There is no reason for them to go quietly. People use their credit cards and it will be difficult for anyone to abandon their cards just because they take a different stance. I actually love using credit cards to accrue cash back and it's easier to track expenses. Something that cannot be easily done or as well done with a debit card or cash. I simply pay it off every month. I also pay off the entire balance every month to avoid any fees whatsoever and absolutely refuse to carry any balance. There is just no point in doing so. If I cannot pay it off in full, then I wouldn't spend the money at first place. Online websites for research and finding good deals is another way I stretch my dollars farther. For example, I recently came across an interesting table that details the discounts on Amazon at: http://www.uberi.com I imagine other people will find it useful too. It's only natural that the credit card bill gets passed (obviously, it's not quite done yet). After all, which representative is going to say no? His/her opponent will have a field day in the next election when the time comes.

Now, it's only natural that banks are taking issues with this. There is no reason for them to go quietly. People use their credit cards and it will be difficult for anyone to abandon their cards just because they take a different stance.

I actually love using credit cards to accrue cash back and it's easier to track expenses. Something that cannot be easily done or as well done with a debit card or cash. I simply pay it off every month.

I also pay off the entire balance every month to avoid any fees whatsoever and absolutely refuse to carry any balance. There is just no point in doing so. If I cannot pay it off in full, then I wouldn't spend the money at first place.

Online websites for research and finding good deals is another way I stretch my dollars farther. For example, I recently came across an interesting table that details the discounts on Amazon at: http://www.uberi.com

I imagine other people will find it useful too.

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