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Message
re: .
Posted on 12/21/18 at 5:08 pm to Lacour
Posted on 12/21/18 at 5:08 pm to Lacour
I put literally everything on credit and pay it out each month. Bills, groceries, frivolous spending, big purchases, subscriptions, etc. Everything. We usually build up enough points every year for a free flight for the wife and I for a vacation. My wife also goes through the painstaking task of finding extra cash back wherever she can.. Ebates, quarterly rotating categories on our credit cards, coupons etc.
If you can control your spending enough so that you can pay your cards off every month, your money makes you some money when you spend it. It's dumb not to, unless you get yourself into debt with your spending.
If you can control your spending enough so that you can pay your cards off every month, your money makes you some money when you spend it. It's dumb not to, unless you get yourself into debt with your spending.
This post was edited on 12/21/18 at 5:09 pm
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Posted on 12/21/18 at 5:12 pm to Lacour
I literally pay for EVERYTHING on a credit card. I pay it off immediately and never carry a balance. Transfer the money on an app in a couple clicks. Cash back and points are nice. Plus responsible card use building credit.
Posted on 12/21/18 at 5:14 pm to nugget
quote:
I pay with cash for a lot of stuff because I have rental properties and I don't want the gubment taking their share.
I hope you never get audited, because if so you're fricked
Posted on 12/21/18 at 5:19 pm to Lacour
This thread really shows the true intellect and groupthink of this board.
Posted on 12/21/18 at 5:21 pm to dukke v
quote:
Whats wrong with cash???????
Nothing.
Some people think they need to use credit cards to have credit.
Posted on 12/21/18 at 5:36 pm to Mingo Was His NameO
quote:
I hope you never get audited, because if so you're fricked
You have no idea how this works. Color me shocked.
Posted on 12/21/18 at 5:47 pm to DisplacedBuckeye
quote:
Nothing.
Some people think they need to use credit cards to have credit.
You don't have to, but it's the easiest way to start when you are young that doesn't cost you any interest if you are responsible.
Plus with cash back it saves you money.
Posted on 12/21/18 at 5:49 pm to Lacour
Does it matter? Ultimately my money gets spent either way, whether it is immediately with cash/debit or later when I pay the credit card bill.
Posted on 12/21/18 at 5:51 pm to DisplacedBuckeye
quote:
Nothing.
Some people think they need to use credit cards to have credit.
If you're disciplined, cash/debit is objectively a worse way to purchase items than credit.
Posted on 12/21/18 at 5:52 pm to nugget
quote:
I pay with cash for a lot of stuff because I have rental properties and I don't want the gubment taking their share.
Ahh, cash is certainly better for fraud, no doubt.
Posted on 12/21/18 at 5:52 pm to NATidefan
Honestly it would have been more difficult back in the day when you had to wait on the credit card bill or keep track of what you have spent to know how much you owe. Then make sure you had the money to mail a check when the bill came in and were responsible enough to pay it on time.
Now with apps it's a fricking breeze. Hell, you can pay it off as soon as you buy something if you want. But the auto pay works just as well. I usually pay mine off a few times a month just so i know it's paid off and it makes it easier to keep track of what I actually have money wise.
Now with apps it's a fricking breeze. Hell, you can pay it off as soon as you buy something if you want. But the auto pay works just as well. I usually pay mine off a few times a month just so i know it's paid off and it makes it easier to keep track of what I actually have money wise.
This post was edited on 12/21/18 at 5:53 pm
Posted on 12/21/18 at 5:53 pm to Lacour
I put everything I can on CC and pay the full balance at the end of the month. The perk is roughly $700-$1000 at the end of the year in cash back credit. It’s a nice little Christmas bonus and covers most (sometimes all) of Christmas spending.
Posted on 12/21/18 at 5:56 pm to Roll Tide Ravens
quote:
Does it matter? Ultimately my money gets spent either way, whether it is immediately with cash/debit or later when I pay the credit card bill.
If you want to build credit easily without interest so you have good credit when you do need a loan for something like a house, then yes.
Or if you want to get 2% off or better on everything you buy, then yes it matters.
If you don't care about those things, then I guess not.
This post was edited on 12/21/18 at 6:02 pm
Posted on 12/21/18 at 5:59 pm to Lacour
quote:
all the morons who don’t understand credit have abandoned the thread when we started using terms they can’t comprehend. This board is full of idiots
some of us have matured beyond the need for credit.
i don’t have or use a credit card, nor do I have any debt.
and it’s not that I don’t understand credit, it’s just that it no longer matters
you’ll get there one day
Posted on 12/21/18 at 6:02 pm to Lacour
quote:
Trashy? Poor? Uneducated? Or just OT ballers and no need for quality credit? ETA: all the morons who don’t understand credit have abandoned the thread when we started using terms they can’t comprehend. This board is full of idiots
Regardless of what is posted in this thread about 40% of credit card holders carry a balance, the average balance being about $4500.00. #lmost 3% of card holders are more than 9o days past due, Louisiana has the 2nd highest number of card holders greater than 90 days past due.
LINK
Posted on 12/21/18 at 6:03 pm to cgrand
quote:
and it’s not that I don’t understand credit, it’s just that it no longer matters
you’ll get there one day
I know you think this makes you sound like an OT baller, but you never outgrow the benefit of credit.
I hope I'm never wealthy enough to think objectively dumb financial decisions are all of a sudden the better choice.
Posted on 12/21/18 at 6:03 pm to BrohemAlem11
Far more people use credit cards irresponsibly rather than as an asset. I’d saying as a general rule, using credit cards is actually more of a “poor person” move. 
Posted on 12/21/18 at 6:04 pm to EA6B
quote:
Regardless of what is posted in this thread about 40% of credit card holders carry a balance, the average balance being about $4500.00. #lmost 3% of card holders are more than 9o days past due, Louisiana has the 2nd highest number of card holders greater than 90 days past due.
No doubt many abuse them, but they're still a valuable financial tool.
Posted on 12/21/18 at 6:04 pm to Harry Caray
quote:
The rewards and such just don't outweigh the risks of what happens when something comes up and the full statement can't be paid for some people.
Yea, much better when you’ve spent all your cash and something comes up...
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