I keep it to just the two I use most often, accumulate loyalty points, then fly business class on vacation. Credit cards do have their uses.Originally Posted by SweetPoison
I am skipping the iPad 2. I tend to upgrade every other year.
Using a credit card does not have to equal buying things you can't afford to pay in full at time of purchase. They just offer benefits like earning reward points, having better security than using a debit card/visa check card as money isn't out of your bank account if you get fraudulent charges (big issue with online purchasing, I've had fraudulent charges twice) etc.
In any case, I can easily afford an iPad 2. I'll put it on my Amazon.com visa to rack up some reward points though.
Last edited by dmaul1114; 03-08-2011 at 12:23 PM.
that depends on how you look at it.
once a year i'll make a sizeable purchase (my yearly treat) then spend several months paying it off. this is like a monthly savings scheme on a piece of kit.
my advise though - get a credit card that offers several months (at least the time spent paying the balance) zero percent interest on purchases.
My credit cards get paid off in full each month. The only times I've carried a balance is doing what you noted and buying a big screen TV or other appliance with a 1-2 year 0 interest deal so I could pay it off over time and leave money in the bank earning interest rather than handing it over all at once at time of purchase.
But that should mostly be in the past as I make enough money finally to be able to buy TVs etc. without such deals or having to save up for more than a few months etc. Not having (or wanting) kids is a huge help on that front as it frees up a ton of income.
I am new here, and I will be buying my first Ipad on Friday ( have many other Apple items already). I have been saving birthday money, christmas money and christmas bonuses for awhile now, and have more than enough to buy the Ipad and accessories. If I hadn't, then no, I wouldn't be buying one.
I do use a credit card for absolutely everything I can and pay it off every month to get rewards. I do not keep a balance on my credit cards.
This will be my first ipad and I'm excited about it. At the end of last year, I looked into the ipad and was ready to buy until I found out the ipad 2 would be coming out in a few months.
I use a cash rewards credit card for everything I possibly can including home improvements. We spent a lot of money last year on some home improvements and I was able to charge it on a credit card, paying off the card at the end of the month. As a result of the home improvements and other expenses, I just got a $600 check from a credit card company.
Of course even though I have the money, stable job, etc - I try to be careful about expenses. Also the economy is tough and positive outlooks could turn negative very quickly. So my advice is pretty much the same as others. If you don't have the money in your bank account, then definitely wait until you do.