Quote:
Originally Posted by Maximator 
Why does everyone want to have a CC? I really don't get it. If you don't want to carry around that much cash, why not just use a debit card? Given that credit card companies and such are highly profitable(at least during normal times) one can assume that using them would cost you more than it would if you didn't.
I mean, honestly, how many of you actually get enough perks to actually make up for the initial costs?
Why does everyone want to have a CC? I really don't get it. If you don't want to carry around that much cash, why not just use a debit card? Given that credit card companies and such are highly profitable(at least during normal times) one can assume that using them would cost you more than it would if you didn't.
I mean, honestly, how many of you actually get enough perks to actually make up for the initial costs?
Do you travel at all for business/work? I spend at least 3-5k per year for business related expenses, and I'm a small timer. For anyone working in the consulting industry who uses their own credit card and later reimbursed by their parent company, must churn at least 3k a month. Even using a basic Costco Amex for the 2% travel & restaurant rewards + 3% gas rewards equals $720 per year in TAX FREE rewards. And this doesnt even include frequent flyer mileage.
