[jhd815]

I believe that it's not the credit cards in and of themselves that create debt problems but rather how people use their credit which is the problem.

In some ways, cc's are a "necessary evil" in order to establish a credit rating which helps you qualify for car and home loans, etc. CC's can also be used in such a way that they "reward" the cardholder.

If you are able to pay off your balance in full each month, and not pay an annual fee, then a cc which offers some type of reward is a great deal.

On the other hand, if you view a cc as a way to purchase whatever you want whenever you want you will be spinning in the web of cc debt until the day you die.

One of my simple joys in life is knowing that a certain cc company is not making any money off of me because I pay the (small) balance in full each month.