We always pay everything (around $4000 total) in full.

Well, we have about 25K in debt that we're slowly paying down at the rate of about $1k/month before we start retirement or down payment funds, but if we didn't have that we'd have no problem paying down what we currently spend each month.

I haven't paid off my credit card since the month we became parents many years ago. I'm still waiting for my wife to go back to work.

Anonymous wrote:Nope. I do not. The card is mostly for emergencies where I don't have the cash flow. And I had a few. The balance is getting paid down, but not quickly.

Will also add that I feel absolutely zero shame about this.

pay off every month

Nope. I do not. The card is mostly for emergencies where I don't have the cash flow. And I had a few. The balance is getting paid down, but not quickly.

We've always paid it off every month. The interest rate is too high not to!

Pay off every month.

Yes until DH lost his job. This is the first time in 15yrs of marriage where we have carried a balance on our credit cards. Now we're $40K in debt and seriously considering dipping into the IRA to pay it off.

DH is now employed again, good salary $260K but I cannot stomach the debt. keeps me up at night.

Anonymous wrote:I've never paid a dollar in credit card interest in my lifetime.
We pay off about $4K/month.

+1. We pay off around $3k a month, and we don't have a high HHI.

We always pay it off in its entirety. We put everything on the credit card - groceries, vacations, everything - and always pay it off.

Consumer debt is the stupidest debt there is. No way I'll ever pay a penny of interest on consumer purchases.

I've never paid a dollar in credit card interest in my lifetime.
We pay off about $4K/month.

We charge most purchases and pay our balances at the end of the month, and have for several years. We did go through a stretch way back where we had to pay less than the full balance (but more than the minimum) for a few months to cover some unexpected medical bills while we waited for our insurance to cover them.

Yes, pay off every month. It's been about 8 or so years since the last time I didn't and I can still picture in my mind the interest penalty payment on my statement and it still bothers me. Will not do that again.

But, to address the previous "sour grapes". I count myself very fortunate to be able to afford what we need/want and be able to pay this off every month without having to defer some expenses into the future. Unlike the other respondant, I don't think you have sour grapes and hope that you don't have to do this often.

We always pay it off. We put most of our expenses on our cards and use the points for vacations, but we never carry a balance.