I do that all the time. It's called a DEBIT card, and it's same as cash, coming out of my checking account.
Yeah but that's debit. No worries there. That is actually your money you're spending. I'm with you there.
I'm with ya. I have to spend the money any way one way or the other for food, gas..... I pay off every month in full and get a couple hundred a year back on what I spend. Better than what I get in interest on the money in money market. So my dollar is worth 1.01 to 1.05 depending on what I've got to buy anyway. Best of all you try getting your couple hundred back if you lose your wallet
interesting, I think I touched a nerve with the credit card crowd.... now if someone is on Ritalin and has run out, and needs to pay with credit, hey I'm all for that....
What's wrong with that? I do it all the time to get rebates, airline miles, etc. and pay my bills in full every month.
Because most people do not have the dsicpline to use that strategy properly.... so they end up in massive debt. Your strategy has merit, but most who try that fail... hmmm...sounds alot like trading. Simple concept, profitable opportunity...but lack of discipline will kill it.