Quote:
Originally Posted by Hans Tucker
I hate credit cards or being in debt so if I can't afford a new toy through paying cash then I pass.
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True that Hans, only way to go. However, I do use a credit card for everything, but then I pay it off within the 55 days interest free period, leaving my cash in the bank, until it is time to pay (thus paying no interest). I have the convenience of having a card, I use the banks money, pay zero fees, I get purchase insurance (and travel insurance included), I have a full record of my purchases and, most importantly, at least to me, is that I get points on every purchase. Most of the appliances in my kitchen have been bought with points, so they have cost me nothing, particularly since I haven't paid interest. Now, I let the points build up throughout the year and use them for all my xmas food shopping, by redeeming Coles vouchers.
But, that all only happens if you have discipline, otherwise they aren't that great, particularly if you have to pay interest. In the last 18 years, I have only paid interest once on my card, because I forgot to pay that month off, as I was in hospital. I was so surprised by this that I rang my bank, and they waived it anyway, due to the circumstances. Sweet!
I love my bank!