Latest Breaking News

Happy Hoosier

(7,454 posts)

11. Get a card that doesn't charge those fees....

Wed Mar 6, 2024, 12:35 PM

Mar 6

... and never carry a balance.

I use credit cards for almost every purchase. I treat them like debit cards (except the one I use for business travel). I do not buy anything I cannot pay cash for. I do not pay fees (other than annual fees on my premium travel card), and I never pay interest. I pay the balance in full before the closing date and due date every month (I actually pay weekly).

In return, I get substantial benefit from the card rewards. This approach ONLY makes sense if one is able to pay off the card every month and actually does so. Once one is paying interest, the justification evaporates.

Edit history

Please sign in to view edit histories.

14 replies

= new reply since forum marked as read

Highlight:

Biden administration finalizes rule cutting credit card late fees [View all] BumRushDaShow Mar 5 OP

I am just going to allow myself a wink, wink smile. Baitball Blogger Mar 5 #1

Biden cares about regular people Johnny2X2X Mar 5 #2

Actually Always Blue Mar 5 #3

You realize there is no federal "min" or "cap" (by law or regulation) on credit card interest rates, right? BumRushDaShow Mar 5 #5

The Supreme Court got rid of usury in 1978 dalton99a Mar 5 #7

And that is why you'll often see banks (and/or entities that offer credit cards) BumRushDaShow Mar 6 #9

Both need to be cut. GoodRaisin Mar 6 #8

Be careful what you wish for.... Happy Hoosier Mar 6 #10

Chopped up the card and sent it back the first time those junk fees appeared Warpy Mar 5 #4

Get a card that doesn't charge those fees.... Happy Hoosier Mar 6 #11

While I admit that it would be convenient for big ticket items Warpy Mar 6 #12

As always, do what works for you. Happy Hoosier Mar 6 #13

I've just been shocked by how well it has worked Warpy Mar 6 #14

Kick dalton99a Mar 5 #6