CREDIT CARDS SPOTLIGHT


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What Are the Real Advantages of Plastic?

Lenders continuously promote new privileges and benefits for using their cards. How can you tell the true perks from the look-alikes such as convenience checks that carry higher interest rates? The Motley Fool's Dayana Yochim explains ...

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· The Dark Side of Credit Cards


    Seven Useful Benefits

    1. Convenience -- How much cash can your wallet hold?

    2. Budgeting Technology -- Lenders track spending for you

    3. Reputation Boosting -- Can build credit worthiness

    4. The Float -- You can borrow free for 30 days

    5. Openness to Negotiations -- Your business is wanted, ask away

    6. Corporate Might -- Can get help with retail disputes

    7. Cops and Robbers -- Protects your cash from fraud

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