I'm taking an Economics 340: Money and Banking class right now. And we're talking about credit cards.
You have to be careful, the banks in which you issue your credit card issues the interest rates through Visa and MasterCard.
Fyi Discover is the highest and is only taken in select locations
because of their high rates.
It's better than using large amounts of cash, althought nice....credit cards and checks are suppost to be used to pay for large expenses. The credit card companies love screwing over college students and first time credit card users....that's how they make their killing. People aren't responsible for what they spend....cashing checks they don't have the finances to fund.
Thanks for the post