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[Bombolone]

Don't like free cash? Hmm

What about to improve your credit rating?

Yeah seems like a winning situation if one can exercise self control.
I have pretty much had room mates my whole adult life. One name would be on the lease agreement and I would just toss cash to them when rents due.
Also owning a house, lol. Some dreams as a millenial, stay dreams.
My brother works at a bank, so no excuses.

 

[pr0cs]

Zero
You do yourself a giant disservice to let credit card companies get their claws in you.
Treat cc's like your banking account, don't have the cash to buy what you want? Then you simply don't buy it.. Simple as that.

 

[Rbk_3]

Zero
You do yourself a giant disservice to let credit card companies get their claws in you.
Treat cc's like your banking account, don't have the cash to buy what you want? Then you simply don't buy it.. Simple as that.

You do yourself a much larger disservice by leaving rewards/cash back, extended warranty, and protection from fraud on the table. Credit card companies have never gotten a cent from me, but I’ve earned 1000s in rewards

 

[DESTROYA]

Better than mine?

Yup

 

[Rbk_3]

Yup

Damn

Edit: US only goes to 850 though?

 

[pr0cs]

You do yourself a much larger disservice by leaving rewards/cash back, extended warranty, and protection from fraud on the table. Credit card companies have never gotten a cent from me, but I’ve earned 1000s in rewards

Totally agree, I'm not suggesting to skip credit cards, just that you need to be careful about how you use them.

I regularly get about $600 back every November from my rewards CC, not to mention all the other side benefits around travel insurance, doubling warranties and so on.
If you treat credit like your bank account and are smart with your money it's pretty easy to make them work for you.

 

[Rbk_3]

Totally agree, I'm not suggesting to skip credit cards, just that you need to be careful about how you use them.

I regularly get about $600 back every November from my rewards CC, not to mention all the other side benefits around travel insurance, doubling warranties and so on.
If you treat credit like your bank account and are smart with your money it's pretty easy to make them work for you.

Yeah, my bad, I misread your post. I thought you were advocating for no CC and buy in cash.

 

[Entroyp]

$35 USD

 

[V2Tommy]

You do yourself a much larger disservice by leaving rewards/cash back, extended warranty, and protection from fraud on the table. Credit card companies have never gotten a cent from me, but I’ve earned 1000s in rewards

Exactly. People in this thread are in denial. Take advantage of the perks if they exist! I have never paid a cent in credit card fees or interest and have earned thousands of dollars.

 

[Maiden Voyage]

At this very moment? Like $1k but I pay everything off once a week.

 

[McHuj]

None real debt, but I put everything on the card.

I use the cash back from my discover as a tech upgrade fund. Every 2-3 years, I’ll accrue enough cash back to upgrade phones, iPad, or some other device.

When paying with cash or credit card costs an identical amount, i would be losing money to use cash.

 

[lachesis]

Right now about $300 bucks. By end of the month, it will be somewhere around 700-1000 bucks, depending on my expenses, and I pay them off every month.

 

[Meowzers]

In 2007 I got a credit card for 1500. I bought a TV worth 800 and spent the rest on me and my girl to live it up a bit. Well, I just paid that debt off in 2019 and I'm single.

 

[ThatStupidLion]

0. Dont understand how people even go down the road of not paying it off every month

 

[MrFunSocks]

Essentially none, but some haha.

I pay for most things with credit card to get frequent flyer/rewards points, and have it automatically paid off in full every month. Just makes sense as I either get points or don’t andalso have that little bit more money in my offset account for an extra month.

 

[Celcius]

Zero, I've never owned a credit card.

 

[Uhtred]

$5200

 

[M3Freak]

$0. I never spend more than i can pay when the bill is due.

 

[Echelon]

$0. Paid off every month.

 

[levyjl1988]

On my credit card now, currently, $250 CAN.

I just bought some things and usually pay it all off when my pay comes. So many services depend on having a credit card these days.
EFT through chequing is not my thing. I've seen others where the payment doesn't arrive and it bounces leading to NSF fees (Non-sufficient funds).

 

[bigsnack]

$500 right now but I pay it off every month. I could spread my expenses across multiple cards, but at the time the Citi Double Cash card seemed like the best hassle free rewards card. 2% cash back on every purchase, and no annual fee! If anyone has a better cash back rewards card, let me know and I'll sign up today.

 

[Codswallop_]

Few hundred or so, pay it off every month. Try to do most purchases thru CC for the cash back and other rewards.

 

[Northrick]

I'm 27. Between myself and my gf, we're approximately $9000 in debt due to cards. Why? Because we got them as "emergency" money when we moved out and went to college. Then everything started to become an "emergency" and now they're maxed out. Sometimes we can get payday loans - for internet purchases, emergencies, and our Netflix subscription. Plus I'm admittedly a terrible spender and buy what I like whether I really should or not.

 

[NahaNago]

I should be around $250 right now. I'll pay it off before the end of the month.

 

[Atrus]

I’ve always kept a zero balance on my credit card.

I use a no fee reward card for points, which usually adds up to $100-$200 in tax free cash deposited into my RRSP (like an IRA) a year.

I run as much of my expenses through my credit card as I possibly can because of this and then exchange the points whenever they have point conversion specials as they often do during tax season.

The situation may also be different in Canada as the number of debit card transactions is limited on a no fee banking plan. It just makes more sense to use a credit card instead.

I suppose there’s always cash but given that Canadian money has coins up to $2, you can get bogged down with change.

 

[Tesseract]

i just finalized a grant and paid down a bunch of cards, expended a network of work rigs and updated my software library

sitting around 119$ / month, paid down at the turn of ratings to bump my score and gain access to better cards

day trading more to accrue capital and amass debt confidence for loans if i need them, steps taken on my way to conquering the sprawl

 

[fran.fernandez]

With the Wuhan virus I can’t stop buying on amazon. Last month my goal was 0 and I survive, this month I’m already around 400 us (bought some quantum books for babies.... why??????)

 

[Rival]

.

 

[StreetsofBeige]

Always a zero balance.

Since covid, my monthly bill is now hardly anything. Excluding CC charges like monthly $150 Rogers cable/internet bill, and an annual car maintenance I had to do a few months ago, my discretionary spending per month is now only like $400 which is mostly all groceries, Costco shit, eating out and hitting the gas station once a month which I only fill the tank 75%.

One month was only about $450. So excluding my Rogers bill, I only spent $300 on CC.

 

[RoadHazard]

We're not counting current balance, only unpaid debt? Then I'm at zero, like always. I have never not paid my CC bill off in full, and I've never paid a single cent in CC interest. I also have only completely free cards, with bonuses (which is why I use them), so it's 100% profit for me. I'm a very bad CC customer!

If we are counting current balance I'm at a few hundred dollars. But that will be paid off before the month is over.

 

[Cycom]

None. I use cc for nearly everything (points!) but treat them like cash, as I pay off balances each month. I also rotate cc sign up bonuses for free $$$. Sign up, cash in, rinse, repeat.

 

[Paulxo87]

i use them for every single purchase and pay them off in full every single month. hundreds of dollars of free reward credits a year this way plus the safety of using credit cards.. you do NOT want your debit card number floating out there - the more you use it the more you are exposed. If legit cash gets hacked out of your checking account it can take months to get back depending on the amount

 

[Pagusas]

0 occurring interest, but I do take advantage of no interest plans to build my savings and investments. I’ve never paid a dime of interest in my life. And get about $200 back a month in credit card rewards. If you can play the game right you’ll be rewarded.

 

[NecrosaroIII]

0. I have a car loan and a student loan though

 

[KormaChameleon]

I have 2 cards. One is a debit card which is my cash card. Use it to make payment on everything. One is a credit card with a limit of £3k. As of now my balance is 0 and want to keep it that way, It's there if incase I have an emergency such as unexpected car repair.

 

[StreetsofBeige]

0 occurring interest, but I do take advantage of no interest plans to build my savings and investments. I’ve never paid a dime of interest in my life. And get about $200 back a month in credit card rewards. If you can play the game right you’ll be rewarded.

My card is a dividend card that pays me back in cash. 1-3% depending what it is.

Skip the company credit card. No thanks. I'll cover all company costs, business trips and company events.

I get back close to $1000 cash. Problem is covd hit, so all I'm going to get this year is peanuts. Last time I looked at my CC, the cash back tracker said something like $150 and we're already into August!

 

[Marlenus]

Around £6,000 but it is 0% and will be paid off before the intro rate expires.

 

[FactoryOfDeception]

Pay off in full every single month. Always have. Paying interest on a credit card is a fools errand. Don't but shit you can't afford. Pretty simple.

 

[Arimer]

I have 3200 to go. Its been a long time coming but I Plan to be done with it by Christmas, Or when the next stimulus happens.

 

[SpiceRacz]

Around $6k. Paid off over $9k in the past 30 days.

 

[Nikana]

My CC company must hate me. Never made a dime off me.

 

[Stouffers]

Down from 14k a few weeks ago to 9.5k. I was inspired by the power of Ailynn ’s empathy.

 

[JaseMath]

$0

Don't spend it if you can't immediately pay it off.

 

[RetroRibosome]

0. I pay it off every month. I just use it for the convenience and rewards points.

 

[arko2]

I have 4k each month but i pay it off each month.

 

[arko2]

I don't have any. I recently picked up in Arizona https://instant-loans-usa.com/usa-payday-loans/arizona a short-term loan to pay off all your credit card debts. These are horses, they give loans to everyone, even the unemployed. And the whole process can be completed within an hour.

 

[Maiden Voyage]

I don't have any. I recently picked up in Arizona https://instant-loans-usa.com/usa-payday-loans/arizona a short-term loan to pay off all your credit card debts. These are horses, they give loans to everyone, even the unemployed. And the whole process can be completed within an hour.

This is terrible advice.

 

[arko2]

I was helped I was able to sort out my problems

 

[edbrat]

Consolidating debts into a single short term loan is definitely not a good idea for most people bc the interest rates are generally insane and you jump from the frying pan into the fire. But great if it's working for you. There's another forum called resetera which would probably appreciate this advice have you tried there?

 

[M1chl]

Zero, I have never owned credit card.