Stamets@lemmy.world to Funny@sh.itjust.works · 11 months agoI used the poor to defeat the poorlemmy.worldimagemessage-square121fedilinkarrow-up11.61Karrow-down130
arrow-up11.58Karrow-down1imageI used the poor to defeat the poorlemmy.worldStamets@lemmy.world to Funny@sh.itjust.works · 11 months agomessage-square121fedilink
minus-squarejjjalljs@ttrpg.networklinkfedilinkarrow-up1·11 months agoI’ve never paid interest on a credit card, and if you pay off the balance each month you won’t either.
minus-squareirmoz@reddthat.comlinkfedilinkarrow-up4·edit-211 months agoSo… what’s the point? If you’re just gonna pay it off as if it were a debit card? It’s just debit with extra steps. Doing that will even harm your credit rating.
minus-squarejjjalljs@ttrpg.networklinkfedilinkarrow-up1·11 months ago It’s easier to deal with fraud. You can see the fraudulent charge and report it before your money is taken. You earn cash back. Between 1% - 5% typically. This adds up. I don’t believe paying your credit card off on time each month harms your credit rating. https://www.nerdwallet.com/article/credit-cards/making-small-frequent-payments-credit-card-good-idea
I’ve never paid interest on a credit card, and if you pay off the balance each month you won’t either.
So… what’s the point? If you’re just gonna pay it off as if it were a debit card? It’s just debit with extra steps. Doing that will even harm your credit rating.