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Originally Posted by Incognitas
The real answer is to refuse to have a CC and to SAVE up for what you want.It seems like everyone thinks they MUST have a CC.Why? Surely the only credit one needs is the mortgage that you have on your home.Why go looking for any other credit?
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It's not quite that simple though.
For instance, as I'm sure I've mentioned before, with a credit card, if you buy something between £100 and £30,000 , you get the protection of Section 75 of the Consumer Credit Act which makes the card issuer *jointly and severally* liable for the purchase.
This means that even if the company you buy from goes bust, you can still claim recompense from the card issuer.
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I'm pleased to say that I owe money to no one least of all the greasy,groping loan companies and CC companies who are the very worst at leading folk onwards down the slippery slope by increasing credit limits without discussion,hiding behind complicated interest rates by using unclear,complicated jargon to confuse the unwary. 
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Whereas I *do* owe money to a CC Company, but only because, when I moved into my new flat about 2 1/2 years ago now, I ran up all my debts onto my credit card, however from then on every six months I've been shifting the balance onto another 0% deal card which means that I've been paying off the minimum amount and had the equivalent of a £4000 interest free loan for that period!
Oh, and the money to pay it off is sitting in an account currently getting 3.75% gross interest...!!
I also have another credit card which I use if I need to buy a "big" item, or something from abroad etc, but I use the "up to 56 days interest free" period to the maximum, then pay off the balance at the end of that time!
Credit cards etc are not necessarily a bad thing, you just have to know how to make the system work for you
Cheers,
Graham.