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Originally Posted by disneysteve
Using a credit card DOES NOT MEAN racking up debt or paying interest. We use our CC for everything we possibly can. Our monthly bill is usually $2-3,000, sometimes more. We pay the bill in full every month, never paying a penny in fees or interest. In return, we get rewards worth hundreds of dollars each year. We wouldn't get that if spending cash. Another advantage is that at year-end, we get a complete record of all of our purchases, broken down by category (auto, dining, retail, etc.). That is a great tool for budgeting. I never pay cash when I can use credit.
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I understand it doesn't have to mean racking up debt and paying interest. But I personally am paying off the last of my cc debt racked up while in college, and with that mindset, I personally am not using my credit cards. My fiance uses his credit card for big things, like when he bought his laptop, then paid it off immediately, but in general, we're not buying too much beyond groceries and occasionally going out to eat to justify using a CC for its rewards. I have a 5% gas rebate card, but I currently only need to fill up once every 2-3 weeks so it's not worth it to me anymore (where I used to fill up at least once a week).
I'm fully aware of the benefits you can reap from using credit cards wisely - My fiance's parents used credit cards to pay for all three of their sons' college tuition at private universities -- and got a ridiculous amount of gift certificates for Borders (works for them because they read a lot).
I'm just saying I like my debit card for now
