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I used the poor to defeat the poor (lemmy.world)

submitted 11 months ago by [email protected] to c/[email protected]

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[-] [email protected] 4 points 11 months ago* (last edited 11 months ago)

So... what's the point? If you're just gonna pay it off as if it were a debit card? It's just debit with extra steps. Doing that will even harm your credit rating.

[-] [email protected] 1 points 11 months ago

It's easier to deal with fraud. You can see the fraudulent charge and report it before your money is taken.
You earn cash back. Between 1% - 5% typically. This adds up.
I don't believe paying your credit card off on time each month harms your credit rating. https://www.nerdwallet.com/article/credit-cards/making-small-frequent-payments-credit-card-good-idea

this post was submitted on 23 Oct 2023

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