I don’t understand people who don’t use credit cards. Not only do you get an interest free loan for 30 days, you also get rewards points. Perhaps even more importantly, you get fraud and conflict protection.
In “When Saving Money Is No Longer Worth Your Time But You Do It Anyway,” I called up my credit card company to dispute my $35 Walgreen charge out of principle because I felt the pharmacist had misled me. Instead of the credit card company filing a dispute, they simply credited me back $35 dollars, no questions asked.
Getting double travel rewards points with the Barclaycard Arrival World MasterCard is great, but what I really like about the card is travel insurance. Barclaycard offers $200,000 in automatic travel accident insurance, reimbursement for expenses if your bag is lost or delayed, trip cancellation coverage, and $0 fraud liability. When I’m on vacation or traveling for business, the last thing I want is to stress about is crap that’s outside of my control.
Instead of me spending hours disputing charges or recuperating losses, I’ll just call the credit card company to dispute and recuperate for me. The older and wealthier you get, the less you want to sweat the small stuff.