No. of Recommendations: 0
I use the credit card money only for emergencies. I work as a consultant and use to keep 6 months of cash sitting in a savings account; for those worst of times. Then I got enough credit to cover this period and have only used it once for 2 months. It cost lots in interest, but having the money in the market instead of a money market account has more than made up for it.

But other than this I never carry a balance on a credit card and I use them for all my purchases, including the groceries. I think the idea of using this money as a transfer to lower interest rates and beating the percentages sounds like too much work to me for the pay-off.

my rule is to stay within my means

--e. dov
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