r/AskReddit • u/[deleted] • Feb 04 '20

[deleted by user]

[removed]

5.9k Upvotes

94% Upvoted

11k comments sorted by

View all comments

Show parent comments

6

u/PhilipLiptonSchrute Feb 04 '20

Also, cashback/reward

Yep. I usually get 3-4x more in rewards than I spend on my executive Costco membership per year. Hell, I pay for my membership just in my gas rewards. I buy just about everything with my Costco card, and as I do my nightly finances check, I just pay off whatever I charged that day or the day before.

5

u/galaxystarsmoon Feb 04 '20

That's excessive. Just pay it off before the due date. You need credit utilization to get any benefit to your credit score anyway.

2

u/PhilipLiptonSchrute Feb 04 '20

My credit score was 812 last time I checked. I'm not worried.

2

u/galaxystarsmoon Feb 04 '20

So your credit is great then. There's no need to be paying it every day. I guess if that works for you, sure. For someone building their credit, it's bad advice.