Quote:
Originally Posted by WildBillyT
That's exactly why I (and probably Tsar, from what it sounds like) have not had trouble with our CC's.
I don't run up a bill I can't pay off at the end of the month. It's not that hard to do, and in that sense it's not spending money I don't have.
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+1 I can cover every single cent that I spent on my CC
BEFORE making the purchase. Could I simply pay cash? Yes, but that would require a trip to the bank, and withdrawing money. It's an extra hassle that I do not want.
Besides being a hassle cash does not provide rewards/cashback bonuses that CC's do. Rewards/Cashback is my secondary reason for using my cc's everywhere; here's why. My CC's range anywhere from 1% on
all purchases up to 20% on certain merchandise. Let's say two people go to the store and they want to buy an item that is 100 dollars. One pays cash, he pays 100 dollars and gets the item. The other person pays with his CC, he pays 100 dollars and he is on his way too. When the payment gets processed he either gets 1 dollar back or 20 dollars back at the end of the billing cycle. Which means that the price of the merchandise is anywhere between 80 and 99 bucks. The person who paid in cash got nothing in return. As long as you are responsible this is awesome! There's also the whole point system, but that's too long to type up. Personally I'm a fan of cash back
