I’m going to preface what I’m about to write by saying yes I understand life happens and I’ve carried a balance on a credit card charging high interest at one point in my life.
- If you have a credit card with decent cash back/rewards program. The interest rate is going to be higher. If you are carrying a balance month to month. You’re doing it wrong.
- If life happens and you do end up with a balance and your credit is decent, you should be able to get a no interest for x months, no interest balance transfer.
Credit Cards aren’t a life necessity. Homeowners insurance and car insurance are. Taking advantage of the rules as they exist is not unethical. Insurance fraud is both unethical and illegal.
- If you have a credit card with decent cash back/rewards program. The interest rate is going to be higher. If you are carrying a balance month to month. You’re doing it wrong.
- If life happens and you do end up with a balance and your credit is decent, you should be able to get a no interest for x months, no interest balance transfer.
Credit Cards aren’t a life necessity. Homeowners insurance and car insurance are. Taking advantage of the rules as they exist is not unethical. Insurance fraud is both unethical and illegal.