Views on credit cards tend to be divided between those that like them and those that loath them but very few arguments really consider whether or not it is good to have a credit card.

While the wrong kind of credit cards in the wrong hands will almost definitely lead to credit card debt in some shape or form, someone with a card that is right for them would never dream of parting with their plastic. So how can anyone really say whether or not having a credit card is a good thing?

On some level it comes down to what kind of card is involved and who is using it. (more…)