Credit Cards - Experienced People Wanted!

My card's got a points program which is effectively a 2% cash back program. I use it to pay for everything. It's not that hard to manage the finances. All you're doing is consolidating all of your expenses in one place. The money still needs to be paid out, but you can sometimes bank on the float. That, and if you can cram all of your essential spending, ie, food, utilities, travel through your card, you're earning that 2% or whatever rewards.

This is the first that I've heard that accruing interest on your bills actually improves credit. Fuck that shit. I felt ashamed when I accrued interest. Now I see this god-awful YTD interest of 9.20 on my account. It's a blemish. =(

Jam it back in, in the dark.

Originally Posted by Gechmir

I keep the cards exercised by paying them off fast. Plus, if I have to buy something over $100, I put it on one of my cards. Doing this allows the credit companies to see that you aren't just sitting on the cards. It's nice to make a huge purchase and only pay a fraction every month =)

I love doing this. This is what I meant by banking on the float. You have to drop a ton of cash, so you slap it on a credit card, and don't accrue interest on it for a month. Meanwhile, depending on the timing and how your bank operates, you do accrue interest on the cash that's still sitting in your account.

There's nowhere I can't reach.