this post was submitted on 05 Dec 2023
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Let's get a list going. Like with a Target debit card you can get $40 cash back and it takes 1 to 2 days to be withdraw from your checking.

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[–] [email protected] 0 points 11 months ago (1 children)

Yeah, don't spend more. Use it as a debit card.

And, again, make sure to be financially responsible and literate before you get a credit card.

[–] [email protected] 0 points 11 months ago (1 children)

Any place to get a proper gist of what financially literate means in this context? I know maybe a few basics but always wondered about the best way to utilize credit to a long term benefit.

[–] [email protected] 0 points 11 months ago (1 children)

Basically use any credit card as you would any debit card. That means never spend any money you don't already have in your account. And always pay the full statement balance every month on time to avoid paying interest.

That way you will get all the rewards and none of the drawbacks.

[–] [email protected] 0 points 11 months ago (1 children)

And what happens when a big purchase comes along that I really need, like my car breaking down or just a new mattress? I always figure that's where the utilization starts going up and there's only so much that can be paid off before the next billing cycle.

[–] [email protected] 0 points 11 months ago (1 children)

Do whatever you would do if you didn't have a credit card.

[–] [email protected] -1 points 11 months ago

Which has usually been borrow to buy things.