Source: Michelle Singletary, Washington Post ( Free Registration )

I should have known: Call people suckers and they’ll take offense.

A number of folks were either confused or offended when I said recently that we are all suckers—that is, losers—when we use credit to pay for services and goods. I offered that view while reporting on a proposal from the Federal Reserve and two other banking regulators to curtail or ban certain credit card industry practices.

“I’m very perplexed,” wrote Tim McCune of Germantown. “If we pay off all monthly credit card balances, used primarily on utilities, other monthly expenditures and Internet purchases . . . and we get affinity benefits, how am I losing money and why are we ‘suckers’? Haven’t you cast your victim net too widely?”

Read Full Article: Credit cards cost, no matter what