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Exactly; with a credit card paid off monthly by direct debit and an interest paying current account, you're earning interest on your cash and not paying any on
by sbisson 5y ago
Exactly; with a credit card paid off monthly by direct debit and an interest paying current account, you're earning interest on your cash and not paying any on your purchases. What's not to like getting what's basically free money with a little bit of no-brainer arbitrage?
- toyg 5y ago> an interest paying current account What is this unicorn you speak of...? :) jk, I know some exist, I've just been irrationally faithful to a bank that probably does not deserve it anymore (coop)... (But I keep my savings in an account that offsets against my mortgage, so I'm effectively getting a similar deal in practice by not accruing interest on that.)