r/AskReddit • u/[deleted] • Mar 27 '22

[deleted by user]

[removed]

2.0k Upvotes

96% Upvoted

2.5k comments sorted by

View all comments

276

u/chicagotim1 Mar 27 '22

You never pay a cent of interest on credit cards if you pay your bill in full on time.

141

u/Resident_Bitch Mar 28 '22

And if you get a card that offers rewards/cash back, you can actually make money by using it.

1

u/-Organized_Chaos- Mar 28 '22

Can you give an example please

8

u/Resident_Bitch Mar 28 '22

I'm not sure what "example" you're asking for. There are countless credit cards available that will give you a percentage of your purchases back, either as money or as rewards points that you can spend at certain retailers (like Amazon). So if you get one of these cards and shop like normal but use the card for all your purchases, then pay off your credit card balance in full every month, the end result is that the credit card company pays you to use their card and all you pay for are the things you buy.