[Drew68]

My Credit Card debt: $0.00 I grew up despising debt, and I still do to this day.

I use mine all of the time. My Wells Fargo cash back, my Am-Ex Platinum, and my Chase Sapphire.

Rotating between the three, use them for every purchase I make.

And I pay them off in full every couple of weeks. I never pay interest and I rack up a bunch of points.

Basically, I am making money off of the losers who only pay the bare minimum each month.

[jdt1138]

It costs you about $3.50 per hundred to use a credit card. This is before the twenty percent interest and late fee thing.

The Per Family average cost to use credit cards was $1,102 in 2023.

Swipe Fee
Payment Processing Fee
Interchange Fee
Assessment Fee
Interest and late fees
(minus ‘cash back’ schemes)