Quote:
Originally Posted by ABV
Cash back is a wonderful thing! I've earned hundreds of dollars over the years for buying things like gas and groceries. But the minute you carry a balance, it basically defeats the purpose. You'll pay far more in interest than you'll ever get back in rewards.
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I totally agree. I use one credit card to put almost all my monthly expenses on. Even car insurance, cell phone, and satallite bill go on there. Then I get 3% back on gas, and 1% back on everything else. Best of all it just credits my bill every month with the cash back. I love free money. Its usually $10-30 a month.
But as mentioned, credit cards don't have an advantage if you don't totally pay them off every month.
later,
Curt