Quote:
Originally Posted by Rmtt
Quote:
Originally Posted by Run Silent
Because, in general, the standard % back on most cards doesn't really make it worth the hassle.
I don't really have any bills and most places like the utility company or water company charge a 2% convenience fee to use a CC, negating any gains. Wife and I don't really spend much money. When we do make a big purchase, like travel, we will open a card to get the 'introductory' offers and then cancel them.
The only card I actually use is my bank CC, which gives me 3% back on gas. I pay it off every Friday, lol.
That adds up to a little bit, but not much - something like $70 a year.
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Same here! Lol I'm a cheap was....maybe that's why work has me doing most of their purchases and I'm a plant engineer.
All our bills are paid for, we a an emergency fund of almost 18 months saved, and any extra income/incentives I get go into some type of retirement fund.
I look at it now that if it's a "want" and we can't outright buy it...than we didn't need it.
Only took the wife a few years to come to that way of thinking. 
And with that one personal card I have, depending on when corporate cuts checks, they pay any fees incurred so it's paid off monthly.
Now I admit it's not used quite as much as it was in the past. Biggest single purchase I ever made with it was $37K at a plant auctioning off equipment.
These last few years I've only averaged maybe $7K-$10K a year on it. |
It makes me laugh when i hear the "We dont use credit cards" humblebrag. You really are missing tons of benefits and freebies. Not to mention I would hate to use my debit account for all purchases. I find credit card companies are much easier to work with for fraud and chargebacks.
As to the fees, most will wave the fees if you are a good enough customer. Smart usage and we haven't paid for a plane tickets in years. For example, just booked last minute flight to nyc. Free with points vs 650 per. Saved on baggage charges too. We come out way ahead yearly.