What's monthly credit card charge??

[mickeyd]

Spend is around $25,000 per month.

Wow...

 

[Enuff2Eat]

We put everything on credit cards but always and I mean ALWAYS pay them off each month. Spend is around $25,000 per month. We use the points for travel. The credit card business is great for the Banks (I know first hand) and if you aren't careful can really screw up your personal finances. You could view it as a tax on the weak and stupid I guess. A bit like casinos, tobacco companies, etc.

Wow!!! what kind of business are you in? Prostitution?? (jk). You definitely can rake up some mileages and rebates if you can swipe $25k/mon.

I used to think credit card was a life saver when I needed the most but when it become too easy to swipe, life can get out of hands quick.

Enuff

 

[rayvt]

Like 7322454, my monthly credit card expenses are... $0.00 because I do not use credit cards.

Then how do you buy stuff online? Or rent a car? Both car rentals and gas purchases, if you use a debit card they reserve a large amount up front, and release the excess hold whenever they get around to it. When my son used his debit car to rent a car for a week ($350), they put a hold of $350 + $500---which wiped out his checking account until 10 days later when they released the $500.

As long as you pay the CC bill off each month, it's just like a debit card.

Except that you have a lot more legal protection with a CC than a DC. Plus if you have a dispute with a merchant, the CC company will make it the merchant's problem, whereas with the debit card it's *your* problem.

Oh, and with PedFed, you get 1.5% to 5% cash back on your purchases.

 

[W2R]

Sure, and then maybe we could discuss "Should you pay off your mortgage" or "Should you take your Social Security at 62 or later?"

To be serious, perhaps you could do a search on similar discussions. This is one of those topics that goes round and round and round, and gets kind of boring after a while (yawn) since it's always the same old stuff.