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View Poll Results: Do you hold a balance on your credit card?
Yes, I have an unpaid balance on my credit card. 15 20.55%
No, I pay my credit card off every month. 53 72.60%
I do not have a credit card. 5 6.85%
Voters: 73. You may not vote on this poll

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Old 03-02-2010, 07:55 PM
 
Location: Central Alberta
156 posts, read 362,330 times
Reputation: 73

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I've seen alot of threads where people have their cards paid off and alot with people who keep a balance. Where do you stand?
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Old 03-02-2010, 08:12 PM
 
11,288 posts, read 23,663,010 times
Reputation: 11207
Maybe one or two months of the year I'll carry something over, but generally mine is always paid off at least once in a 30 day cycle.


I've always hated the interest charges, so I make sure to keep it out of that range.
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Old 03-02-2010, 08:28 PM
 
Location: West Michigan
12,083 posts, read 35,862,380 times
Reputation: 16935
I usually have a small balance on one of the cards. Never too much though, and never for too long.
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Old 03-02-2010, 10:26 PM
 
Location: West Cobb County, GA (Atlanta metro)
9,188 posts, read 31,304,775 times
Reputation: 5196
The General U.S. room isn't the appropriate room for this topic, so it's being moved to the correct room.
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Old 03-02-2010, 10:27 PM
 
Location: Metro Detroit Area, Michigan
1,107 posts, read 2,823,723 times
Reputation: 533
Paid off within like 1-3 days after the bill arrives.
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Old 03-02-2010, 10:39 PM
 
Location: California
32,748 posts, read 36,237,958 times
Reputation: 28933
Not usually. Occasionally there have been true "emergencies" (water heater, car, etc) and I might need to take a month or two to pay that off but I can count on one hand the number of times that has happened. Mostly I used the CC's to pay for stuff because it's more convenient, I get rewards, a bit of protection, etc. and just send in one check at the end of the month to pay it off. I particularly like when I get 1-5% 'cash back' on purchases .
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Old 03-02-2010, 10:49 PM
 
185 posts, read 654,558 times
Reputation: 139
Always pay off when the bill arrives. I only use them a few times a year.
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Old 03-02-2010, 10:59 PM
 
Location: Tennessee
35,966 posts, read 36,015,411 times
Reputation: 55602
When I was younger and married, we had (what by today's standards would be) a small balance and it took forever to pay it off. For the last 10 years, I pay off my credit card bill every month leaving no balance after the bill is paid. I think what helps is having a debit card and that being my first choice whenever possible.
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Old 03-03-2010, 06:30 AM
 
4,010 posts, read 9,303,860 times
Reputation: 1595
Keeping a balance on a credit card these days, is a license for a bank to rob you absolutely blind and one of the most irresponsible things you can do with your finances. (other than not paying) Don't run a balance at all.
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Old 03-03-2010, 09:55 AM
 
Location: Chicago
1,949 posts, read 4,577,055 times
Reputation: 919
I pay it off as well. I hate having to pay interest. I have been fortunate that I havent had my income stop so I have been able to pay them in full over the years (at least 99% of them).
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