“Had you used your credit card and paid it off next year, you will have payed it off with money that is worth 3% less. Thus a total savings of $6, and a difference of $12 from what your loss would have been. “
Except you would have had to pay something like 18-25% on that credit card.
Wowser, I would hate to be you. I do not pay rates like that. Fact is, we pay 3% to transfer our debt to new cards that we keep getting offers for that have 0% finance charge for 15 Months or more. When they get close to the date, I transfer the debt at 3% to another card who’s offer is similar with 12 to 20 Months no interest. My credit rating is like 750 right now. and it has been there for years
Right. Whatever you do you want to be as debt-free as possible. Spend less and save more.
“Except you would have had to pay something like 18-25% on that credit card.”
I have had a credit card card for many,many years——never paid one cent of interest.
.