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Credit cards: friend or foe?

By Lacey Filipich BEng(Hons) MAICD Cert Gov (NFP)

Ah, those little pieces of plastic. I dimly remember a time in my childhood when there was a paper system for credit cards that involved taking an imprint with what looked and sounded like a machine designed to take off the fingers of unsuspecting shop assistants. Now you just wave them nonchalantly and walk out the door. In fact, you don’t even have to bother taking them out of your wallet – you can just use the virtual wallet on your phone if you so choose.

So easy. So tempting. So dangerous.

Now don’t get me wrong. The credit card is not, in itself, dangerous. It won’t leap out of your wallet and bite you. It cannot bankrupt you without your instruction.

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