I use my credit card all the time, and it’s set to auto pay off all of it every month, so there is never any interest charged. It basically delays the time my money leaves my bank account from the time of purchase to up to a month later, with no downside, while building credit history. The interest may be 300%, I don’t care because I’m never charged it.
I use my credit card all the time, and it’s set to auto pay off all of it every month, so there is never any interest charged. It basically delays the time my money leaves my bank account from the time of purchase to up to a month later, with no downside, while building credit history. The interest may be 300%, I don’t care because I’m never charged it.
Why even have it then, and not just direct debit? Or is that something American banks don’t offer?
I am not in the US. But the purpose is gaining credit score and rewards, at no cost.