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I have 4 cards with over $10,000 limits on each and a little $2K amazon.com card. I could easily sink myself if i ever got depressed and started maxing them out..
with that said, i've never carried a balance on one and i've never paid interest on one. I mainly use an Amex Blue card for the rewards points and pay the balance off. All my cc's have no annual fee, so they don't cost me anything.
Mainly, i like the monthly statement of my expenses and the fact i only have to touch my savings or checking once or twice a month to pay bills. I'd scream if i were in debt to a cc company. Seriously, you could probably mortgage your arm and pay it off at a lower interest rate than a credit card...I think all my cards currently have about 18% interest..one has 22%..I'm not going to buy something and end up paying 20% more..nono, that just seems insane to me.
With that said, i'm glad i don't have to live off the credit like some people i know.
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Live.
Chris
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