Dimitrios Paskoudniakis wrote:

"Master Betty" wrote in message
...

I cut up all my credit cards and haven't used one since. We only have
our mortage and a small car loan left.
You are missing an easy opportunity to have a credit card company give
you hundreds of dollars of free money each year.

I have an AmEx Blue Cash card, which gives me a 5% rebate on groceries,
gas, and prescription drugs, and 1.25% on everything else. I pay in
full each month, get a free grace period, don't write any checks, don't
have to carry around cash, and once per year I get a credit on my
account of many many hundreds of dollars. I have a VISA that gives a
1% rebate when a merchant doesn't accept AmEx, and I get that rebate
credit the next month.

I always pay in full each month.

The credit card company is paying me to use their card.

Of course others use cards in this manner that give other types of
rewards (ie airline miles). My father's card is through the same bank
as his mortgage, so his card rebate goes right toward extra principal
payment on his mortgage.

I can't imagine why anyone who is creditworthy would not take advantage
of this opportunity rather than do what you are doing.

Good advice.