Originally posted by: Angrymarshmello
It's called spending within your limits. It helps prevent some people from spending what they don't have. And wow, a whole nickel of interest on your checking account! Break out the bubbly! I personally never use it for anything except ATM withdrawls because I'm paranoid if someone got a hold of the number, but I can understand the folks that do use it
Originally posted by: kami333
Cause I get 1.5% cash back
Originally posted by: AnyMal
Originally posted by: kami333
Cause I get 1.5% cash back
I use my PayPal debit card for that 1.5% automatic cashback on all purchases.
Originally posted by: mugsywwiii
The check you used to pay your bill probably cost more than the interest you earned on the money you spent.
Originally posted by: Linux23
Originally posted by: kami333
Cause I get 1.5% cash back
on a debit card?
Originally posted by: Aboroth
Originally posted by: mugsywwiii
The check you used to pay your bill probably cost more than the interest you earned on the money you spent.
So use online paying, direct withdrawl from your checking account. You could even make automatic bill payments if you want to.
Originally posted by: mee987
my debit card pulls from my checking account. why would i want a credit card? thats just extra work to pay the bill.
Originally posted by: Aboroth
With credit cards, you can build a credit history which can be important for many things. Debit cards can't do that.
Originally posted by: mugsywwiii
....I've also heard that it's good to use it and NOT pay it off completely, because that makes you look profitable to credit card companies...
Originally posted by: Trevelyan
Originally posted by: mugsywwiii
....I've also heard that it's good to use it and NOT pay it off completely, because that makes you look profitable to credit card companies...
Well CC companies make profit every time you make a purchase regardless of when you pay it back... they just take out 1% or so from the vender. Amex takes out like 2%, which is why they offer more rewards and are accepted less places.
Originally posted by: mugsywwiii
Originally posted by: Aboroth
Originally posted by: mugsywwiii
The check you used to pay your bill probably cost more than the interest you earned on the money you spent.
So use online paying, direct withdrawl from your checking account. You could even make automatic bill payments if you want to.
Yeah I know. I was just saying what several other people have already said... the amount you make on interest in those few weeks is miniscule. I usually use my debit card because it really makes no difference to me, but stores are charged around 3% of all credit card transactions by the credit card company.