Ask the Readers: Do You Carry a Credit Card Balance?

by Jason Unger

As I’ve mentioned plenty of times in the past, I use a debit card for all of my spending, since it’s easy to track, the same as cash, and convenient.

But I understand the argument for using your credit card the same way, if you can control your spending, pay off the bill every month, and get reward points/cash back for it.

The big assumption, however, is that you pay off your balance every month. When you don’t, you start racking up interest and additional costs — and that’s where most people get in trouble.

So, I want to know: do you carry a credit card balance?

Answer the poll below and then let me know why in a comment.

[poll id=”24″]

{ 1 comment… read it below or add one }

Vinny Financio October 13, 2009 at 1:27 pm

I don’t carry a balance because I don’t carry credit cards. I decided sometmie ago that they really offered us no benefits that I couldn’t get with our debit cards.

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