Comments on: Another Way I Use Credit Cards to My Advantage http://moneyning.com/credit-cards/another-way-i-use-credit-cards-to-my-advantage/ A personal finance blog where we share insights on carefully saving money, investing, early retirement, mortgages, stocks because the little things matter in achieving financial freedom! Sat, 21 Nov 2009 08:01:45 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Mike Huang http://moneyning.com/credit-cards/another-way-i-use-credit-cards-to-my-advantage/comment-page-1/#comment-10630 Mike Huang Tue, 07 Oct 2008 22:32:19 +0000 http://moneyning.com/?p=1436#comment-10630 Hmmm, very interesting fact that you stirred up. My wife has also thought about this before and we have done it, but we must also learn to stop splurging :P -Mike Hmmm, very interesting fact that you stirred up. My wife has also thought about this before and we have done it, but we must also learn to stop splurging :P

-Mike

]]> By: MoneyNing http://moneyning.com/credit-cards/another-way-i-use-credit-cards-to-my-advantage/comment-page-1/#comment-10622 MoneyNing Tue, 07 Oct 2008 18:06:31 +0000 http://moneyning.com/?p=1436#comment-10622 gWallet: The interest is counted from the due date, so as long as you pay before the due date which is 50+ days away, you are essentially getting an interest free loan. gWallet: The interest is counted from the due date, so as long as you pay before the due date which is 50+ days away, you are essentially getting an interest free loan.

]]> By: gWallet http://moneyning.com/credit-cards/another-way-i-use-credit-cards-to-my-advantage/comment-page-1/#comment-10615 gWallet Tue, 07 Oct 2008 10:36:27 +0000 http://moneyning.com/?p=1436#comment-10615 Nice tip...but are you not going to pay 50 days of pricey credit card company interest by doing this? Nice tip…but are you not going to pay 50 days of pricey credit card company interest by doing this?

]]> By: Andy @ Retire at 40 http://moneyning.com/credit-cards/another-way-i-use-credit-cards-to-my-advantage/comment-page-1/#comment-10614 Andy @ Retire at 40 Tue, 07 Oct 2008 09:50:05 +0000 http://moneyning.com/?p=1436#comment-10614 My credit card turns over at the start of each month and for a long time, I have saved the bigger purchases until the 1st of the month. I have to pay it by the 24th of the following month. That's 7.5 weeks later. I found it just made perfect sense as soon as I knew how credit cards worked :-) My credit card turns over at the start of each month and for a long time, I have saved the bigger purchases until the 1st of the month. I have to pay it by the 24th of the following month. That’s 7.5 weeks later.

I found it just made perfect sense as soon as I knew how credit cards worked :-)

]]> By: Joanne http://moneyning.com/credit-cards/another-way-i-use-credit-cards-to-my-advantage/comment-page-1/#comment-10589 Joanne Mon, 06 Oct 2008 20:27:23 +0000 http://moneyning.com/?p=1436#comment-10589 I recently have had some credit problems. I liked my credit cards waaay too much. I think the best thing you can do to recover is to allow yourself enough time to straighten everything all out. Nothing happens overnight, especially fixing a credit score. I recently have had some credit problems. I liked my credit cards waaay too much. I think the best thing you can do to recover is to allow yourself enough time to straighten everything all out. Nothing happens overnight, especially fixing a credit score.

]]> By: Debt Reduction http://moneyning.com/credit-cards/another-way-i-use-credit-cards-to-my-advantage/comment-page-1/#comment-10575 Debt Reduction Mon, 06 Oct 2008 17:21:15 +0000 http://moneyning.com/?p=1436#comment-10575 I think beating the credit card companies at thier own game is fun, however you still have to pay them back regardless. I think beating the credit card companies at thier own game is fun, however you still have to pay them back regardless.

]]> By: philip http://moneyning.com/credit-cards/another-way-i-use-credit-cards-to-my-advantage/comment-page-1/#comment-10573 philip Mon, 06 Oct 2008 17:19:15 +0000 http://moneyning.com/?p=1436#comment-10573 Recurring payments won't really matter on this method because eventually you will have one per statement. I don't make that many large purchases that I could schedule this way. I guess I am about to purchase new tires for my vehicle and if I push it back a few days then that will add some time for interest. I do make sure to try to wait until the last possible day for my *scheduled* transaction to pay my credit card to keep my money in savings. Recurring payments won’t really matter on this method because eventually you will have one per statement. I don’t make that many large purchases that I could schedule this way.

I guess I am about to purchase new tires for my vehicle and if I push it back a few days then that will add some time for interest.

I do make sure to try to wait until the last possible day for my *scheduled* transaction to pay my credit card to keep my money in savings.

]]> By: Fabulously Broke http://moneyning.com/credit-cards/another-way-i-use-credit-cards-to-my-advantage/comment-page-1/#comment-10566 Fabulously Broke Mon, 06 Oct 2008 17:06:19 +0000 http://moneyning.com/?p=1436#comment-10566 I do that as well. I always buy after the 14th of the month so that I'm not under pressure to clear it until later. I do that as well. I always buy after the 14th of the month so that I’m not under pressure to clear it until later.

]]> By: Miranda http://moneyning.com/credit-cards/another-way-i-use-credit-cards-to-my-advantage/comment-page-1/#comment-10565 Miranda Mon, 06 Oct 2008 16:58:46 +0000 http://moneyning.com/?p=1436#comment-10565 Great point! Sometimes we forget that the statement date can be a big help. Great point! Sometimes we forget that the statement date can be a big help.

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