Quote:
Originally Posted by beepbeep
Why oh why use credit card at all?
Delayed paying and incentives to credit shopping lead invariably to: 1. spending more than planned 2. missing the payment sooner or later which means extra income for the CC issuer.
I only use CC when paying for job-related stuff (trips etc) which I do not want to shell out myself until I get it back.
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My credit cards more than pay for themselves. I've probably sold $1100 worth of miles in the last year and paid maybe $150 in annual fees. I've never missed a payment date because I set them up online well in advance, plus I get email reminders 10 days out. They do still hit me with a finance charge about once a year, even though I never carry a balance. I call to complain and they waive it. Seems a little shady to me and that they're just seeing what they can get away with. But they always waive it when I call. What's the downside? In my case the credit card companies are only making their money on the merchant fees at those places I shop. I don't mind letting others pay for my convenience. It's not like any grocery, gun or music store is giving out cash discounts.