Credit cards can be dangerous in the hands of the wrong people. Some should not have them because they treat charge cards as though they were money in the bank.
But for wise and responsible consumers who know that a $500 credit limit is not equal to $500 in the bank, just as the ability to draw a cash advance against one's home equity line is not cash, using a credit card with the ability to gain rewards via cash back can be great.
Before deciding on a card, certain criteria should be covered. Consumers should not get a rewards card that has an annual fee. After all, if the credit card company is going to make money, they'll do it by charging outrageous interest rates, sometimes in excess of 20%, not by collecting annual fees from customers who agree to pay such interest rates during periods when they charge more than they can afford to pay back.
