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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't understand why this would be an issue - how would you not pay it off every month if you were already making those purchases in cash or debit? We put everything on credit cards and I even make multiple payments throughout the month. Just treat it like a debit card, I truly don't understand how people who were otherwise decently managing their finances just lose all ability to spend within their limits when it's a credit card. [/quote]
You seriously are unaware of the millions of Americans with credit card debt? Most of those people are NOT "decently managing their finances." Enjoy life in your bubble!

[/quote]

And that is exactly what the credit card companies are counting on. They offer these great rewards to get you in the door, expecting that some percentage of people will end up carrying a balance and paying interest & fees.

We also run everything through the card and pay it off monthly, but I learned the hard way at about 21 how hard it is to recover if you get even one paycheck behind. I charged 2 weeks of expenses while I was moving for my first real job out of college, and spent the next 5 months paying it off. Small potatoes in the grand scheme of things, but it was a good lesson right as I was getting started, and I swore I would do everything possible to avoid being in that position again.

Anyway, we do it now for the same reasons already stated: security, charge protection, travel points (we prefer to buy small trips and save our points for a big trip every 1-3 years - got 2 tickets to Australia this way!), automated categorizing & summaries of expenses. [/quote]

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