3 ms·
Because when you spend someone else's money you still have to pay it back... sometimes more. A bank is a lot smarter than me. It wouldn't want me to use credit
by xdennis 5y ago
Because when you spend someone else's money you still have to pay it back... sometimes more.
A bank is a lot smarter than me. It wouldn't want me to use credit cards if it were in my advantage.
- chrisseaton 5y agoYou have to pay it back… one month later. You can keep your own money safe and invested until then. And you don’t have to pay any more if you pay it on time. The bank wants you to use credit because they get paid by the merchant every time you do.
- postingawayonhn 5y ago> You have to pay it back… one month later. You can keep your own money safe and invested until then. But if you're doing this every month then the advantage is what? ~$3k invested somewhere? It's not worth the extra effort for me.