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Another look at Dave Ramsey, and I found this tidbit;

"Myth: Aren't there positive uses of a credit card? Like rebates and airline miles?
Truth: Responsible use of a credit card does not exist. Credit card debt is a major problem in America."

He goes on to write, "Personal finance is 80% behavior. You need to cut out habits that make you spend more."

I must say, I think that credit cards are dangerous. They make it too easy to spend and no doubt, Dave makes a good point, that most spending is likely behavioral. But I'd ask Dave, if one were disciplined, paying their bill in full each month, and tracking their expenses to confirm that the move from cash/check to credit card in fact didn't impact the amount spent each month, then a rebate card of some sort, whether it be an airline mile card or cash rebate, is just money in the bank.

I recommend the Fidelity Investments 529 College Rewards Card* which offers 1.5% cash back into a 529 account for your child's education. Family or friends can get a card and direct those rebates for your child as well. The interest rate isn't great, but there is no annual fee, so if you are disciplined, and pay in full each month, this card really is 'free money'.

I'm sorry, Dave, you may be a cynic about people's ability to be rational vs emotional, and you may be right about most people, but to say 'does not exist' is simply wrong. The Fidelity card rebates will probably fund a semester of my child's college education. Not bad for "free".


*I have no relationship other than customer to Fidelity, I provided this link as a reference only.