Is Credit cards worth it or there is a risk for mistakes and theft ?
I migrated to Canada 6 year's ago and have different credit cards like Walmart, TD VISA Infinite, Scotia passport, Capital one Costco, Home depot and so on.
I never paid any annual fees, as I have some premium accounts with major banks & they waive off the credit card fees or some of the cards doesn't have annual fees.
Always paid full balance every month 100%, so credit score is always excellent, about 850.
Now I always wonder, is there a risk whenever we do returns at sores, the money will always come back to credit card ? Once in a while, I had checked and looks like I can see the returns, example like -$85 but do CC companies actually deduct this from our final balance every month ?
Since beginning I always signed up for pre-authorized payment with my banks, so do they take correct amount or there could be mistakes ?
Is it worth keeping CC's or better to use CASH for all transactions, when possible ?
Kindly advice ?