- Aug 25, 1999
We are deadbeats too. Haven't paid a dime in credit card interest for about the same length of time (20 years). Yet, we use credit cards for every purchase we can. Just pay the bill in full when it arrives. Then we get cash rebates which total about $2K per year. FREE money.Do you pay off your bill in total each month, thus incurring no interest charges? That is what we do, we haven’t paid interest on our CC in over 20 years. The industry has a name for customers like us: deadbeats. I’m serious. It seams illogical but we aren’t their ideal customer.
(Yes, I realize the price of goods is jacked up due to the use of credit cards, but we'd have to pay those higher prices anyway, so the cash rebates are still free money.)