I’m a big believer in using credit cards to better your financial situation.
That means using your credit card like a debit card, not like a free flowing spigot of money. There are too many benefits to using a credit card like a free month of float on your money and free warranty extensions on products you buy to ignore credit cards completely.
That isn’t to say that credit cards are risk-free.
Obviously, many people get trapped in credit card debt paying high interest rates with balances that take forever to pay off. (Many times this is through their own choices of spending too much money on the card, but I digress.)
Just like any other tool credit cards can be used for both good and bad.
The choice on which is up to you.
Even if you aren’t up to your eyeballs in credit card debt there are times when it is just time to move on and decide this isn’t a good card for you.