3 ms·
> What's the purpose of an autopay-enabled credit card compared to a debit card? Is it just a convention? As long as interest is avoided, rewards and protectio
by matwood 5y ago
> What's the purpose of an autopay-enabled credit card compared to a debit card? Is it just a convention?
As long as interest is avoided, rewards and protection. I end up with a 'free' plane ticket to Europe every year through my primary CC. The Apple Card gives 3% back on anything Apple (plus some others like TMO), and allows you buy almost any Apple item with 12 month, 0% payments. I could spend the 2k on that laptop or keep that money invested and just pay 166/month. The Amazon card is 5% back on anything Amazon (and Whole foods if that's your thing). I bought a 'free' TV with the rewards last year.
I've had my CCs stolen many times, and the buffer means I've never had that money leave my bank account.
I was taught early on in life that cash is king. The longer you can keep the cash in your control the better. Using CCs to provide a buffer does exactly that. And the rewards are a bonus for money I'm spending anyway.