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 always keep a negative balance on my credit cards (no annual fees)
I pay soon after making a purchase, way before my monthly bill
I will use the money anyways so I overpay/overfill my credit card just before a long spendthrift holiday or vacation
I have my own ledger (hledger) to keep tabs on all my purchases and where the money is going, therefore the monthly credit card statement is just a sanity/balance check of my own ledger
have never payed any interest ever
Credit card are great for the extended insurance, travel insurance, rewards, cashback, etc… but only if one never pays interest and keep a positive balance.
Otherwise, I pay my regular bills through my bank.
I would like say I am their worst customer:
Credit card are great for the extended insurance, travel insurance, rewards, cashback, etc… but only if one never pays interest and keep a positive balance.
Otherwise, I pay my regular bills through my bank.