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Paying With Credit Cards

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I use my credit cards because they are both rewards cards and sometimes it's just more convenient. I am certain to always make an entry in my checkbook for the amount that I charged so I can pay the bill in full when it comes due. I get the benefit of time delayed payment plus rewards.

- Submitted by STORMTMB 7/17/2010 in Saving Money | 2 Comments
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Member Comments

SUE-Z-QUE 7/18/2010 12:04:00 AM

    Plus it is much easier to take something back that has been paid for with a credit card rather than a check.
STORMY724 11/20/2010 1:14:00 AM

    Great post. I've been doing something like this for years. Our rewards card gives us 3% on gasoline & restaurants, 2% on travel, and 1% on everything else. We aren't normally big spenders ---rarely buy what we don't absolutely need, eat out only when we are away from home (sometimes we even pack a lunch if we will be out all day.) However, we had a couple of big expenses this year, plus regular purchases for gasoline, food, clothing, utilities, etc. We will be getting more than $200 back in rewards. It's not much compared to what we spent, but it sure as hell is better than nothing. And it's convenient to have all of those purchases appear on one online bill and have to pay only one bill. The trick is to pay in full every single month or those rewards will be worthless, eaten up (and then come) by finance charges.

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