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re: Recommend a Credit Card
Posted on 10/6/12 at 1:39 pm to DieselTiger1
Posted on 10/6/12 at 1:39 pm to DieselTiger1
quote:Why not? I pay cash for everything and my credit score is over 800. "If you don't have a credit card, you will have a bad credit score" is such a ridiculous myth. Don't buy into it.
I don't want to carry on with no payment history.
If you want a CC for convenience that's understandable. Rewards? Meh - that only encourages you to spend more money. The extra you spend frivolously negates any cash back you get. If you are disciplined to only use if for business expenses and necessities then that would be beneficial. But most people use a credit card to make a spontaneous purchase they would not have otherwise made with a check or cash. And no, that's not my opinion, that's based on a study by Dunn & Bradstreet.
2
Posted on 10/6/12 at 3:18 pm to Lou
Thanks Dave.
To the OP: if you stay at one particular hotel chain a lot, I would suggest you get the Amex version of that hotel chain. Also, if you are putting that much on it, it is probably worth it to pay an annual fee.
To the OP: if you stay at one particular hotel chain a lot, I would suggest you get the Amex version of that hotel chain. Also, if you are putting that much on it, it is probably worth it to pay an annual fee.
Posted on 10/6/12 at 9:49 pm to Lou
quote:
Lou
Yes, you can pay cash if you want. But if you travel as much as the OP says, you will not get the discounts either. Paying cash all the time can cost you, it isn't just about the FICO.
Personally, I pay as much as possible with my credit card. They pay me a minimum 1% cash back, and sometimes more. Do you get that with cash?
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