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Old Today, 04:01 AM
1,100 posts, read 375,177 times
Reputation: 1826


I almost learned this the hard way. We used to use our debit cards for everything, but then the number got stolen and someone charged $2000 on it. Thankfully the bank caught it, denied it and cancelled our cards. But if they hadn't of caught it, and the rent or mortgage had been due, it could have been a mess.

We immediately switched to charging everything, and now I pay it off twice a month (and sometimes a third time if there is an especially large purchase). We use a 2% cash back credit card.
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Old Today, 04:10 AM
73,066 posts, read 72,858,103 times
Reputation: 50620
Originally Posted by cougfan View Post
If you are using your cards to pay "everything", 2% cashback is peanuts compared to what they earn from all those transaction fees.
works for me ! just got back from a fantastic trip all paid for with points and not a penny in interest .. the prices are the prices on what we charge regardless so i may as well benefit .
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Old Today, 05:03 AM
Location: The Triad (NC)
28,882 posts, read 62,958,486 times
Reputation: 32903
Originally Posted by SOON2BNSURPRISE View Post
Anyone else using a credit card to pay (many of/most of) the bills
and then paying it off each month and not using a debit card?
Only just about everyone. Some will even include the household utilities this way.
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Old Today, 05:49 AM
13,453 posts, read 18,016,985 times
Reputation: 20346
It is common sense as long as you pay diligently when your bill is due. It does not need the revelation by a used to be who wrote a book.
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Old Today, 05:59 AM
5,537 posts, read 2,516,200 times
Reputation: 15817
Of course.

Why would you do it any other way?

Is this supposed to be something new?
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Old Today, 07:14 AM
Location: northern New England
2,575 posts, read 1,141,164 times
Reputation: 10019
Originally Posted by athena53 View Post
Yes- for decades. Racked up plenty of airline and hotel miles and cash back along the way.

The big caveat is not carrying a balance. The interest is brutal.

yep, exactly. Haven't paid for a hotel room in years.
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Old Today, 08:14 AM
8,129 posts, read 4,472,165 times
Reputation: 3099
Started charging everything 6 years ago, having the balance(s) sucked out of our checking account monthly. Now myself for waiting so long to do.
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Old Today, 08:34 AM
Location: NYC
13,227 posts, read 8,963,759 times
Reputation: 14532
I only have $15k in CC debt right now. They're all 0% interest free. I keep moving the usage to newer cards. The reason I don't use cash or debit because I don't have any leverage with cash.

If I buy with Credit, almost every card as 1-5% cashback on purchase and no annual fee.

I have autopay on every card and set the payment plan to pay them off close to end of 0% interest or transfer debt to another card. You have to have good discipline to not over-stretch your credit use.

Never use your debit card anywhere except the bank ATM that issued the card.
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Old Today, 08:37 AM
2,332 posts, read 1,606,787 times
Reputation: 3022
I been doing this every since I got my first credit card with enough balance to cover monthly expense. I do it because it makes it easier for me to track my spending because its all in my monthly statement. That helps me budget.
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Old Today, 08:52 AM
Status: "The beach Life" (set 8 days ago)
Location: Living on the Coast in Oxnard CA
15,866 posts, read 26,999,834 times
Reputation: 20610
My credit card sends me a text when ever it is used and I love that feature. I have not asked if I can have that feature with my debit card.

I like the comments that I have heard here.

As far as spending too much, the idea is to use the card for living expenses and pay it off each month. I would think you would be using the credit card the same as a debit card. My wife and I go over every purchase we make. If I am going to buy socks at the store I will tell her. Then again, I am selfishly hoping she will tell me she can pick them up. LOL
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