One of the more common questions I am asked by clients during the discussion of debt is “Should we be using credit cards?”
If you have ever watched any of the personal planning shows on TV, you would hear Dave Ramsey, Suze Orman and others typically dismiss all credit cards is bad debt and never to be used. The reality is, this is yet another example of why blanket advice is not advice.
The reality is, as long as you are financially responsible to yourself, there is no reason to use “smart” credit cards.
What are “smart” credit cards? Read on.