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  1. #1
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    Default Credit cards

    Whats the best way you use your credit card to make the most out of it?

  2. #2
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    If you can't pay it off every month then it's just not worth it.

  3. #3
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    We have points we get with our cards (one account with visa and american express linked). Everything we do goes on our credit card and it is paid off every month. We never have a balance carrying over, because that just costs you money. We only use 'savings' to withdraw cash for things like a babysitter or preschool activities etc as required.

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    Make sure your limit is manageable. Pay off every cent every month. If you want particular rewards etc - do your research for which card you will get most from. Check out annual fees.

    We tend to use our credit card heaps. But we always have money on it, pay it off immediately if in negative. We don't get 'rewards' but we don't care. Also no annual fee.

  5. #5
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    We have a $1500 balance. We pay everything on the card and put money on it as we go so we're never behind. We use it for frequent flyer points mainly. We currently have almost 400,000 points

  6. #6
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    I'm new to using a credit card.
    So paying it off every month is the best option .... Even if paying it off every month means you need to use it because all your money's on there?

  7. #7
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    I use it for everything to collect points. I pay it off at the end of every month. If you can't pay it off at the end of every month don't get one. I have a 20k limit. It's probably 10k more than what I need.

  8. #8
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    Quote Originally Posted by kriista View Post
    I'm new to using a credit card.
    So paying it off every month is the best option .... Even if paying it off every month means you need to use it because all your money's on there?
    You need to have enough money left in your savings account at the end of every month to transfer money over to your card and pay it off in full.

  9. #9
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    We use it to get points mainly so we can fly to visit family.
    We put everything on it and I transfer money every few days so we dont overspend our budget.

  10. #10
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    Quote Originally Posted by lilypily View Post
    You need to have enough money left in your savings account at the end of every month to transfer money over to your card and pay it off in full.
    Finances is not my strong point. I'm pretty sure I've just made another mistake by getting a credit card but I didn't have much choice. Glad I found this thread though at least I'm learning!


 

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