maybe. i used my credit card to purchase almost everything when i built my house (lotsa airmiles). the balance was paid off each month with draws from my construction loan from the bank. you think they didn't like having 3-5% of mumblty-thousands of dollars?
Believe it or not you're a "deadbeat." They want more than just the fee.
"But other consumers, like actor and author Ben Stein, use plastic purely for convenience. While it would appear that Stein -- who says he charges a small fortune every month on his credit cards -- is the ideal customer, in reality, he is what some in the industry call a "deadbeat." That's because he pays his balance in full every month."
Full article.
-- Mark
This is complete BS. Credit card companies make money every time you use that card regardless of how quickly you pay it off. I use my credit cards for just about everything and zero balance them every month for the past 20 years and I still get flooded with new applications and phone calls for new ones to this day. Not exactly what would happen to a non-welcome customer.
However, you can often negotiate with the vendor to get a discount for CASH, so saving 3-5% out of YOUR loan is worth it for the convenience??
John
The only thing that's complete BS is your assumption that your personal experience is the standard.
John Emmons
His experience may not be the standard, but it's the same as mine :-).
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