rr2254545
Minnesota
Senior Member
Joined: 07/12/2009
View Profile
Good Sam RV Club Member
 Offline
|
remoandiris wrote:josten367 wrote:Playing with credit cards and companies most of the time come with bad out comes.
Only if YOU let it. As others have implied, if the balance is paid off each month, it is no different than paying cash. The bonus is rewards, cash back, etc.
Only people with lousy planning need worry about credit cards getting out of hand.
x2 well said, went to Europe last fall for only $80 taxes and 155K miles on Amex
2012 Winnebago Journey 36M Cummins 360
131 Campgrounds since we retired in July 2009
|
Johnworth914
USA!
Senior Member
Joined: 04/27/2012
View Profile
Offline
|
josten367 wrote:Playing with credit cards and companies most of the time come with bad out comes. Cash is the way to go if you ask me or Dave Ramsey.
.
Credit cards are neither good nor bad in and of themselves. They are just tools to be used. For 25 years I have used Credit cards to the fullest extent possible.
In the time I have never paid one cent in interest, but I have made several thousand dollars in cash rewards.
I will agree that for those lacking the discipline to stick to their budgets and to pay off the card every month on time, then cash might be a better alternative.
Alaska is next! Still trying to fit the pontoons to the RV so We can get to Hawaii!
|
pawatt
Brainerd MN / Mission TX
Moderator
Joined: 01/19/2005
View Profile
Good Sam RV Club Member
|
noplace2 wrote: I have to be a CC company's idea of the worst customer ever.....
Not really, they still charge the merchant from 1% - 3% on every transaction so they still make money even if you pay in full monthly.
|
TOOBOLD
CALI
Senior Member
Joined: 07/08/2004
View Profile
|
We use CC to pay any all bills possible. If I could pay my mortgage with a CC I would. They have to be paid anyway why not get miles. We flew to Kauai for free in March and already have 65K miles towards are next big vacation. We have the Chase Freedom and happy with it. This months 5% cash back is gas and restaurants. In addition to this we get 10 miles for every purchase and average over 150 purchases a month. Then I get 1% cash back on monthly purchases for having a Chase bank account.
If I buy anything online I the Ultimate Rewards website and get even more bonus miles for stuff I was going to buy anyway. Husband travels for work we book hotels on the Chase website and get more bonus miles and then the company reimburses him for the expenses. It's a win win for us.
|
orgelmo
Full timing since Mar 2004
Senior Member
Joined: 02/16/2001
View Profile
|
We have been full-timing for 9 years now, most of our bills are sent to that CC.
We opted for the money back, and use that to eat out with.
We also pay off the balance every month.
But, I did that way when we weren't full-timing, just made more sense, and I have a record of where the money goes every month.
Elmer & Sharon
USN-(62-66)
05-40 QDH Tiffin Phaeton
05 Explorer Sport Trac
FMCA # 124188
Good Sam Life Member
Hacksaw, Congo Gray Parrot
Aries, Himalayan Pussy Cat
Sophia Loren, Pug Puppy
Buddy, a Gecko
|
|
|
nalcon
SE Texas
Senior Member
Joined: 11/08/2008
View Profile
Good Sam RV Club Member
Offline
|
My CC bill ends on the 3rd of each month. I make all my big purchases after the 3rd and I have up to 45 days to pay and keep the cash in my pocket. We aren't full timers but have used CC exclusively for all purchases. Discover has a spend analyzer that categorizes your expenses. I can see my monthly expenses over the last five years. That helps me plan for my retirement.
It's crucial to pay it off each month to avoid interest charges.
Charlie and Sherrie
'99 Fleetwood Southwind Storm 31'
'10 Honda CRV EX-L
FMCA F417071
|
Dance Chick
Winter Haven FL
Senior Member
Joined: 05/31/2012
View Profile
Offline
|
I've been paying for just about everything with a credit card for years. I like to get the cash reward. As to CC's being bad....I have a monthly budget FIRST and keep track of my spending per the budget. Of course, I never carry a balance or pay an annual fee. There are studies that say that you spend more with CC's since it's so easy and you're not letting go of the actual cash. Having your money allocated via a budget BEFORE you start spending will keep you on track.
Gene, Gayle, & Oliver (the dog-but don't tell him)
2007 Mandalay Valencia 38C/2012 Honda CRV toad
Blue Ox tow bar & base plate/Air Force One braking
"And when you get the choice to sit it out or dance, I hope you dance."
|
waltfire
Raleigh
Full Member
Joined: 09/23/2010
View Profile
Offline
|
I think I'm going to go forward with this plan. I think though I will pay the charges as I accrue them. I believe for me I need to see the checkbook going down versus having a few thousand in checking that's not really yours waiting on the bill at the end of the month.
|
valhalla360
No paticular place.
Senior Member
Joined: 08/19/2009
View Profile
|
Remeber, it's not just the interest and fees that they make the money on, it's the extra stuff you buy.
I believe it was McDonalds who found that people spend 37% more when they pay by CC. Suddenly, they had credit card machines.
There is no free lunch and you probably aren't the exception who can take advantage of the system.
Now for the responses you will hear about how strong willed everyone is....
Tammy Mike & the Bilge Rat (AKA: Diego)
Ford F250 7.3L
1997 Sunnybrook 27' 5er
1995 Gemini Sail Catamaran 34'
Full Time spliting time between boat and 5er
|
waltfire
Raleigh
Full Member
Joined: 09/23/2010
View Profile
Offline
|
I think you are right in many ways and I know I'm not any exception to the rule. Like many others I have found myself in credit card trouble before. I have learned my lesson and will never go there again. But for items you are going to buy anyway like fuel, campgrounds, groceries, it seems to make sense to pick up a little back to spend somewhere else, plus I put very stengent limits on my card like $1000.00 to never be increased unless I call, no automatic increases.
|
|
|
