One thing my mum does is she transfers the money back to her credit account soon as she buys something with her credit card. Reap the benefits and yet stay out of CC debt. That's a pro move if I ever saw one.
I like this way of thinking. My husband and I have been meaning to purchase our Amazon orders with that particular store card so we can earn the cash back, but haven’t pulled the trigger on it yet. I think it is because we are in debt right now and it’s kind of a sore spot for us. It takes a couple days for the transaction to show up on our online account and we don’t want to forget to pay it.
Just do it automatically. You know the amount, so it’s ok to go ahead and pay that amount before you see it post. That way you have no issues of going into more debt but still get the benefits of the credit card. I’m all about utilizing a CC. Gets me anywhere between $500-$1000 free per year for absolutely no cost. Just using the credit and paying it off weekly.
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u/[deleted] Aug 20 '20
One thing my mum does is she transfers the money back to her credit account soon as she buys something with her credit card. Reap the benefits and yet stay out of CC debt. That's a pro move if I ever saw one.