[quote=CA renter]We also belong to the “credit card for every purchase” club. We literally use it for almost every single purchase we make, no matter how small, for all the same reasons stated above.
In the past ten years, we’ve carried a balance on our CC exactly twice, and paid 50% in one month, and the other 50% the next (all planned) on both occasions: once for our wedding/honeymoon expenses and once for a multi-week vacation.
Other than the CC which we pay off at least once a month, we have NO debt…no mortgage (because we rent), no car payments, no student loans, nada.[/quote]
Same here. Always use CC, pay off in full, use it for the cash rebate. Have no debt, other than mortgage for house purchased in 2001. My suspicion is that these cash rebate cards and reward cards will disappear in the next couple of years, or else charge an annual fee. At that point, I will pay in cash.
Always drove beaters, until last year, bought my first new car: Mazda6 for $16,500 OTD, 4500 miles, paid cash in full. The reason I got a new car was because I just didn’t want to deal with the hassle of used cars anymore, and my beater had a failed transmission which was not worth it to repair. I need a reliable car for 2 jobs, and so, I just bit the bullet.
