because credit card points. I always use them to get Target or Walmart cards, then use them to buy stuff like coffee and Tide. I charge Everything. I don't understand why people use debit cards. I don't buy anything I wouldn't have purchased anyway. I really don't get that reasoning of "well, it comes right out of my checking, so I can't overspend." Well, you don't overspend either if you get it in your head you have to pay the bill when it shows up.
I make money off the credit card companies, and haven't paid a lick of interest in probably 15 to 20 years.
My biggest coup was about that long ago when we spent a ton on remodeling. This one credit card I've had since 1982, the year I graduated college. They had this crazy deal where you could take out a cash advance with NO fee, AND have it at 0% interest for AS LONG AS it took to pay it off, if you made at least minium payments. Can you believe that? I'll bet someone lost their job over that one.
They figured I guess at some point you'd forget to make a minium payment, or buy something else on the card, which of course would have voided the whole thing.
Not me. We took out cash to the limit for remodeling, I put the card away and haven't used it since. Have been making minimum payments since then, freeing up a lot of cash for other stuff. It started with a minimum payment of $200 a month or something, and with the last payment I made it's down to $36 a month.
Sometimes I think about just paying it off and being done with it, but that would still be over $2000 out of my pocket. Why should I when I'm not gaining anything from that?