I'm not paying my entire credit card balance. Is it better to make new purchases with cash (reducing how much I can pay off), or with the credit card (increasing the balance)? Is there any website with the math the proves it one way or the other?
2007-09-26 10:16:55 · 5 answers · asked by Steven 2 in Business & Finance ➔ Personal Finance
Trust me PAY WITH CASH because you pay 15%-25% on a credit card
2007-09-26 10:49:11 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You always save money by paying cash for items. By paying cash, you pay no interest. Using credit cards will cost you more if you have a running balance.
2007-09-26 23:51:44 · answer #2 · answered by Gary 5 · 0⤊ 0⤋
Pay with cash! If you charge new stuff to the card, not only are you going to pay for that item, but you will also be paying interest.
2007-09-26 10:25:02 · answer #3 · answered by Anonymous · 0⤊ 0⤋
What math? Mathematically, there IS NO DIFFERENCE. ALWAYS pay cash. You want to develop the habit so you won't use the cards when they are paid off.
2007-09-26 10:30:46 · answer #4 · answered by STEVEN F 7 · 0⤊ 0⤋
pay with cash or you will be paying the card off for years.
2007-09-26 11:05:33 · answer #5 · answered by gray bird 3 · 0⤊ 0⤋