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re: People who can't manage finances or spending. How does this happen?

Posted on 9/20/20 at 4:32 pm to
Posted by BigPapiDoesItAgain
Amérique du Nord
Member since Nov 2009
2835 posts
Posted on 9/20/20 at 4:32 pm to
quote:

I do the exact same, and pay them off the minute the charge hits my cc account

Why this?? Seems as this would have you having to log on and make payments all the time. Why not take advantage of the grace period and pay the statement balance each month? You will never accumulate interest, and you'll only have to make one payment on the card each month. This is how I use mine to accumulate cash back.
Posted by RT1941
Member since May 2007
30302 posts
Posted on 9/21/20 at 2:17 pm to
quote:

I do the exact same, and pay them off the minute the charge hits my cc account
quote:

Why this?? Seems as this would have you having to log on and make payments all the time. Why not take advantage of the grace period and pay the statement balance each month? You will never accumulate interest, and you'll only have to make one payment on the card each month. This is how I use mine to accumulate cash back.
No particular reason, sometimes I pay once a month and sometimes I just pay off any balance I see on the account when I check my cc.
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