<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Increasing Credit Card Debt!?!?!?!

Increasing Credit Card Debt!?!?!?!

August 30th, 2006 at 05:19 pm

Why would I be so stupid! I have just signed up to have my cable, phone, internet & cell phone bills paid automatically to my Amex card! I thought I was supposed to decrease my credit card debt. Well, it is one of those reward cards. A Costco reward card to be exact. I will be earning Costco cash that will be redeemable in February of March. I have enough faith in myself to pay off the Amex bill at the end of each month (the Costco Amex allows you to carry a balance). I will just take the amex card out of my wallet so I don't use it by "mistake". I know that I am taking a chance on digging myself an even larger hole but I am willing to take that chance for an extra $100 in Costco cash!

Posted in Credit Card Debt, Money Saving Tips | 2 Comments »

2 Responses to “Increasing Credit Card Debt!?!?!?!”

  1. shadon Says:
    August 31st, 2006 at 12:44 am 1156985082
    1156985082

    Give it a go for a month or two and see how it fares. There is nothing worng with using CC as long as they are used wisely. I have a similar rewards card that pays cash when I accumulate enough points but I make sure to pay it off each month!

  2. Davis Says:
    August 31st, 2006 at 02:10 am 1156990259
    1156990259

    I also think cc are great. You just need to pay them off each month and only buy what you would buy if you were paying in cash. Get that down to a science and reap the rewards.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]