Cash back is given for purchases you already making.

If I get 5% back at a grocery store, if I pay the $100 with the credit card, you get $5 cash back. If you paid with cash or debit card, you don't get the cash back. If you are spending the money no matter what, credit card benefits add up if you don't let interest build.

fair enough, but isnt that just cash going back to your credit card balance. so youll just have the card for longer until you max it out

Cash back is different depending on the card, some only help pay off balance, some can be used for gift cards, some can use the cash back on websites like Amazon.

And I never said to max the balance out? Pay off the balance in full every month, depending on your income and credit history some card can give 15K+ spending limits, if you are maxing out cards when you don't have the money to pay it off in full, you are an idiot.

the fact that maxing a card is an inevitability to some ppl is wild to me

I guess there's gotta be plenty of suckers that keep them in business, just a surefire way to get yourself in debt for life, makes no sense at all to me lmao. Only way I understand maxing a card is if its some kind of emergency and that's the only way you can pay for at the time, which is still not a great idea.

nah that's exactly what it's for, a full on emergency. vet bills n s*** like that

but it doesn't matter how you're spending, it should be aligned with your income. living within your means and all that.

Earn $200 cash back with Chase Freedom Unlimited or Chase Freedom Flex credit card

referyourchasecard.com/18a/U8N3F9CBHM

Plug in for a chase card to help me get points. If you're looking to pay off your credit card debt with cash back points, sign up for this if you're a noob with credit

This lowkey a flex thread
OP on his MJF s***

Uhhh if you have the money to pay something off, pay it off. Who needs the extra bills and interest?

Ty! I have a Chase freedom flex and I recently received a rose gold American Express card

ALWAYS PAY YOUR CREDIT CARD BALANCE OFF IN FULL

Get credit cards that give you rewards (etc money back on each purchase, travel pts) and then PAY THEM BACK IN FULL

Credit card interest is like 25%-30%, it is one of the highest you can pay. For reference you get like 2.5% interest from a savings account...

Thought op was asking for advice on how to budget,if you have 50K in savings and your worried about carrying balances,just pay em off

Credit cards are scams.

This a lowkey brag thread

Literally just signed up for one for a 200 dollar bonus.

6 months later and this thread still pisses me off

they're not even hard to use honestly

If you still haven’t….. don’t king.

Nah it’s not a brag thread I made this when my score dropped a couple points due to me carrying a balance. I was confused on if carrying a balance was ok or not.

Why?

Thanks for the advice! that’s what I’ve been doing for years. It’s just I carried a balance one time 6 months ago and saw my score drop. I was also in a transitional period between jobs so I was trying to save as much as possible.

Additionally, my reward credit cards consist of chase freedom flex, discover it, and AMEX gold. What’s your lineup?

i didnt go to college (no large student loans) and stayed home till i was 23...set myself beautifully for my late 20's early 30's

Late to thread but solid troll OP

Credit like the easiest s*** ever, idk how anybody f***s it up for any reason other than not being able to financially

50k saved and it debt is crazy 💀

Pay it off?😹