Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either [email protected] or [email protected].
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email [email protected]. For other questions check our partnered communities list, or use the search function.
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
A lot of people are against credit cards which is understandable. But I use them almost exclusively and pay them in full every month.
As long as I don't go over whatever I have in cash, these credit cards help me in building credit score as well as provide a layer of protection should some person or site try to over charge me later.
It's not for everyone, but it worked for me.
While not always too significant, many credit cards also offer points or cash back. I do the same as you (use my credit card for practically everything and always pay it off), and can use whatever points I get to make small mortgage prepayments, buy gift cards, etc.
I solely use an Amazon Chase card. I buy a lot from Amazon and still get cash back to spend at Amazon when making purchases elsewhere. I buy the occasional game for myself at no cost and when Xmas rolls around I can buy a number of gifts with Amazon points.
This is what I do. I don’t use a debit card, but instead use a “credit condom” so that if someone steals my cc and uses it, I’m not liable. I also pay in full so I don’t have to carry cash and keep a healthy / active credit history.
My credit score is about as good as it can get, and I have no problems buying anything big ticket.
This is basically what I do. It made keeping track of my finances really simple. I just try to keep my checking account balance higher than my credit card balance. If there's anything left when I pay off the card at the end of the month I move that over to savings. Easy peasy.
The thing I found about using my credit card like this is it actually ended up saving me a bunch of money because in times when money was tight it gave me the flexibility to stock up on things when they were on sale, or to get the extra jumbo value pack with better per-unit cost, because I could spread the cost over several paychecks instead of being limited to what I could afford out of just that week's paycheck. If you do it right it does a lot to take the edge off of "Vimes' boots" theory of socioeconomic unfairness.
Just to add to this, being selective about which card(s) you use and maximizing bonus points can lead to some pretty significant travel benefits.