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Credit Cards: The Next Subprime?

I exclusively use credit cards for my purchases, and I always pay my balances in full.

Credit cards offer a convenient way to organize my bills, track my spendings, and a great protection from fraudulent merchants.

If you shop online, credit cards is pretty much the ONLY way to buy anything. If you travel to foreign countries, Visa and Mastercard offer way BETTER exchange rates than those rip-off banks.

It's actually far safer to make purchases with credit cards than with cash. They have become very good at detecting anomalies. Once I bought something in China, and I got a call from them a day later. Now if you give cash to the wrong person, it's gone forever.

Jun 04 19:06 pm |Rating: 0 0 |Link to Comment |View article
The Market Domino Effect: Staying Ahead of the Curve

Anyone who claims that MasterCard and Visa are banks with heavy domestic credit card exposure just does not deserve any credibility.
Apr 29 14:52 pm |Rating: 0 0 |Link to Comment |View article

mkreisel is a Top 50 Commentor

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mkreisel

Comment Stream » COF

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Credit Cards: The Next Subprime?

The Market Domino Effect: Staying Ahead of the Curve

mkreisel is a Top 50 Commentor

Stock Market Opinion & Analysis