Zero. We put every possible charge for personal expenses and business expenses

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Mar 21, 2023
3:51:24pm

kotacoug Truly Addicted User

Zero. We put every possible charge for personal expenses and business expenses

On cards every month and pay off balance each month. We rack up some great travel rewards.

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kotacoug

Bio page: kotacoug
Joined: Jul 20, 2002
Last login: Jun 29, 2024
Total posts: 81,226 (4,711 FO)

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Messages

Author

Time

<< Deleted >>

materialized

3/21/23 3:46pm

Since this will be asked 10 times, let me be the first

kccougar

3/21/23 3:47pm

I assume CC debt means an amount you're paying interest on. Not what you pay off

Schultz is back

3/21/23 3:48pm

But the reports are of statement balances, I imagine.

Plato

3/21/23 3:51pm

Right. If I pull my credit report right now, it will show a balance higher than

Skeptical Optimist

3/21/23 3:53pm

So you are saying you spend more than $8600/month on your credit card and pay it

cougarfan84

3/21/23 3:58pm

Yes, but that includes business expenses on cards that were approved from my

Skeptical Optimist

3/21/23 4:01pm

Well business expenses would certainly increase the monthly charges. Makes sense

cougarfan84

3/21/23 4:04pm

Responsible living with monthly CC expenses of $8600 would take about $200k

justAnotherCoug

3/21/23 4:07pm

Yikes, I need to cut back. But what are those %?

Plato

3/21/23 4:10pm

50% fixed expenses, 30% discretionary, 20% savings

justAnotherCoug

3/21/23 4:18pm

0. It gets paid off in full every month automatically.

Schultz is back

3/21/23 3:47pm

Are you defining credit card debt as a balance that you don't pay off at the end

Skeptical Optimist

3/21/23 3:47pm

How are you defining cc debt?

3/21/23 3:48pm

<< Deleted >>

materialized

3/21/23 3:50pm

Then I selected higher than average, even though I pay it off every month.

Skeptical Optimist

3/21/23 3:57pm

Please have a $0 answer

justAnotherCoug

3/21/23 3:48pm

<< Deleted >>

materialized

3/21/23 3:50pm

If you read the other responses to this post

justAnotherCoug

3/21/23 3:52pm

0 - paid off every month

dallasbyu

3/21/23 3:49pm

Zero, we put our whole life on a credit card and pay off in full every month

JOPE

3/21/23 3:49pm

This. And having a couple of cards with 0% APR on BT as a safety valve in case

TerpCoug

3/21/23 4:17pm

$0

Ron Mexico

3/21/23 3:50pm

Zero. We put every possible charge for personal expenses and business expenses

kotacoug

3/21/23 3:51pm

Lame Poll...need to have a "I pay off every month option"

pspcres

3/21/23 3:52pm

Zero. However, I find it annoying when I can't use a CC to pay for something.

FrontLineFan

3/21/23 4:02pm

We pay ours off every month, but I got an alert from the bank my credit score

crack

3/21/23 4:08pm

Did the dealer charge a fee for that? If not, that's a fantastic deal

Skeptical Optimist

3/21/23 4:09pm

No. But we really wanted the specific car that was there and so we didn't haggle

crack

3/21/23 4:23pm

Ok that makes more sense now. I usually negotiate the price of the

kotacoug

3/22/23 11:50am

I’ve never been allowed to put more than $5k for any of the vehicles I’ve

kotacoug

3/21/23 4:12pm

Two separate transactions of $10k.

crack

3/21/23 4:22pm

I think it's a violation of their CC agreement to cap what you can pay on CC

justAnotherCoug

3/21/23 4:33pm

Where is the option for the CC companies owe ME money?

yahtzee

3/21/23 4:16pm

ZERO

TheHop

3/21/23 4:25pm

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