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Droo posted:He didn't climb out of debt, his wife inherited like $750k and they paid it all off along with the mortgage. I dropped the limit on my cash back rewards card to $5,000. My wife is asking I close the other two, so I will. I had also thought of cycling the bills through the card to run points up as well. It's something like a 1% card by my math. It's also my oldest account with the lowest interest.
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# ? Oct 22, 2016 23:21 |
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# ? May 1, 2024 04:09 |
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Realize that if you pay off the statement balance each month, you'll never be charged a cent of interest and therefore the rate won't actually make a difference. Many cars let you set up auto draft payments for the statement balance which will almost guarantee you never accrue interest, unless there's a bank or account error. But if you don't trust yourself with cards, get rid of them to completely eliminate the possibility of loving up with regard to them.
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# ? Oct 23, 2016 02:03 |