Mom to Mom
Replies
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Nope...cash and debit
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It came from the experts mouth.
Quoting Kris_PBG:
Quoting Janet:
No you do not - that is a myth. -
Very smart!
Quoting SlapItHigh:
Yes. We use a cashback rewards card and charge almost everything (anything we can) on it. Then we pay it off in full each month. This way, we never pay a dime in interest and we make thousands of dollars on the cashback money.
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I have not had a credit card since 2001.... and I will never have another one!!! If I can't buy it with cash (or debit)...then I don't need it!
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Nope! I paid mine off a few months ago. I just need to cancel it now. I keep forgetting... I should do that today.
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YIKES....using a credit card to build credit?!??! Not a good idea.... at all. and then earning 5% cash back when you are paying 12% in interest.... even worse idea, lol.
As I said earlier....I've made it 11 years without a credit card. I haven't had one lick of credit since 2001.... and I am debt free... so I guess a credit rating just isn't a big deal. Just be careful..... that's all I am saying :-) -
I heard cancelling is bad for your credit too.
Quoting splatz:
Nope! I paid mine off a few months ago. I just need to cancel it now. I keep forgetting... I should do that today.
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I have payed off my credit cards in full every month for the past 15 years +. I have a credit score over 800.
The key is to take out credit and pay it back. There is no need to waste your money running a balance and paying interest .
If you regularly use credit and re-pay credit on time your credit score goes up.
Quoting Janet:
It came from the experts mouth.
Quoting Kris_PBG:
Quoting Janet:
No you do not - that is a myth. -
Nop, every yr we save money for the holidays if we don't have enough will use the debit card.. -
That's great credit!
Quoting Kris_PBG:
I have payed off my credit cards in full every month for the past 15 years +. I have a credit score over 800.
The key is to take out credit and pay it back. There is no need to waste your money running a balance and paying interest .
If you regularly use credit and re-pay credit on time your credit score goes up.
Quoting Janet:
It came from the experts mouth.
Quoting Kris_PBG:
Quoting Janet:
No you do not - that is a myth.