Americans paid $130 billion in credit card interest and fees in 2022, according to a new report. Here are three strategies to help limit those charges.
I managed to pay off a credit card that had points associated with it, so I set up my bills to auto-pay, and to automatically pay the whole balance early every month.
This is about the only good way to use credit cards. It feels good knowing I’m costing them money.
I’d be very surprised if you were actually costing them any money. The value of your points is almost certainly less than the merchant fees they’re collecting from your payees.
Those points are all paid for by the fees they charge the people you pay. You aren’t costing them money, you’re just not making them as much as people who can’t/don’t pay off their credit cards.
I managed to pay off a credit card that had points associated with it, so I set up my bills to auto-pay, and to automatically pay the whole balance early every month.
This is about the only good way to use credit cards. It feels good knowing I’m costing them money.
I’d be very surprised if you were actually costing them any money. The value of your points is almost certainly less than the merchant fees they’re collecting from your payees.
Those points are all paid for by the fees they charge the people you pay. You aren’t costing them money, you’re just not making them as much as people who can’t/don’t pay off their credit cards.