Benefits of Credit

by astanhaus

imageIf paid in full, credit beats debit in the most rewarding experience category.

(click on the bold-faced vocab words:))

Bloomies gift card! Flight to Paris! $40!

Depending on the card, I’m treated every time I purchase with credit.

These rewards can be bittersweet. If I miss the pay by date or don’t pay my bill in full, I have to pay extra in interest.

Read magazines in the library. Coffee for lunch. Walk in the rain.

Stupid shit I’ve done, so there is just enough to pay off my credit card. But it’s worth it.

Paying in FULL is critical to get the most bang for my buck.

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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)