...$6,157 still owing on his now-defunct Amazon Visa.
___________________________
I have never owed that much in credit charges even on several cards combined.
If I put an expensive item on a card, it is the only item on that card until it is fully paid off. And by expensive I mean a new wood stove at $2000. Paid off in 3 months.
If I can at all pay something off in a month or buy it with cash, I do. And I take 6 months same as cash and points seriously.
If the guy had Amazon Prime, he racked up $300 in points over time.
We use our credit cards for convenience, and pay them net whatever their billing cycle requires (no longer net 30). The idea that we would put something on a credit card that we could not pay for when the bill comes has been an anathema to us for our whole lives. We actually put 10% of my wife’s last new car on a credit card just for the hell of it. We have never paid a dime of credit card interest, which is usurious. We may not have as much useless $hit we can really do with out as others, but we’re financially solid.
Many well-off people charge $6K, $10K, $15K every month and pay the bill in full. They get fantastic amounts of bonus points.
When I bought a car, they would only take up to $3K charged on a card, but I would have charge the whole thing and paid it off at the end of the month if they had let me.