Anonymous wrote:$300-$400 but I try not to use it if at all possible. I prefer my debit card.

Be careful. The Credit Card Act of 2009 provides a lot of protections for CC use such that you aren't held responsible for too much loss from theft or identity theft (including if someone steals your card number but not your card). At most, you can only be held responsible for up to $50 loss. However the Debit Card provisions are very scant. Regardless of how you lose the card/number, if you are the victim of debit card fraud, you have very little protection. If you report your card lost or stolen within 48 hours you are only responsible for up to $50 loss. However, after 48 hours, up to 60 days, you can be held responsible for up to $500 and if you fail to report the loss within 60 days, you could be held responsible for the entire loss without protection. If you don't pay attention to your banks statements on a daily basis, you could lose up to $500. If you really don't pay attention and they skim a little here, a little there until 60 days have passed and you haven't reported it, then they can scam you for your entire bank account. Yes, people have fallen victim to this and lost their entire bank holdings with no protection.

This is only one way that debit cards are weaker than credit cards. In this day and age, debit cards are a huge financial liability and risk. I won't take one because it's way too insecure and an easy mark for fraud and identity theft that comes out of the card holder's pocket.

For those that pay off the full amount each month, not using a credit card with some form of cash back bonus is just throwing money away. When I was a small business owner, I used to rack up $8-12K per month and would earn up to $1300 in cash back bonuses per year. Now that I'm no longer an owner of the business, we still use $3-6K per month and we get up to about $800 in cash back bonuses each year. Paid off in full each month, so no charges.

About 2700/mo. Always pay in full. HHI of 145.

About 3500 a month but that also includes childcare costs (which is 1400 a month). We charge almost everything, including phone and cable (utilities like gas and electric excluded). We pay it off every month. We use cc for the convenience and the cash back. Sometimes we charge more if we have work travel but we get reimbursed for that.

OP here. Seems like we are in line with many others. We make 300k and have two kids (past childcare). Sour credit card is usually around 4-5,000/month but sometimes it's less. Occassionally more.

$2000-$3000/month paid off fully each month. If you use your debit card, your money could disappear and you won't be able to get it back. I use mine at the ATM only.

That's my minimum payment, $300

I stopped using the card unless it's an extreme emergency. I have a high balance due to mainly charging college necessities.

Between 3 and 4K a month. We use cc to pay for everything and pay it in full every month.

Anonymous wrote:

Pay off each month in full of course.

Everyone claims the above yet credit card companies report debt to be sky high and payments delinquent.

We don't have a credit card.

NP here. Good for you but we put everything possible on our Amex Starwood card and pay it off every month. In the process we earn 1-2 weeks of free hotel nights a year.

We haven't carried a credit card debt beyond a month/ paid any interest on a credit debt in probably 16 years. And 16 years of getting at least one week of free hotel nights has saved us at a minimum $9000 over that time, probably much more.

Anonymous wrote:Ours probably averages $3500 most months. It'll jump up to $4500-$6000 some months if we have a trip, etc.

same here.

and always pay in full

Can you pay Pepco and Washington Gas on a credit card?

Ours probably averages $3500 most months. It'll jump up to $4500-$6000 some months if we have a trip, etc.