I set up my (Swedish) CC bill to autopay the full amount each month. I only use it for emergencies though. It seems like it's really common elsewhere (the US) to use it for larger purchases. Isn't it very uneconomical?
I recognize that I might be speaking from a position of relative financial privilege, but it doesn't seem limited to people in acute financial distress?
Maybe it works differently too. I've read stuff about having to use a CC to build a credit score, or something along those lines, just to be able to get a regular loan in the future? In that sense it could perhaps be seen as a sort of investment?
I recognize that I might be speaking from a position of relative financial privilege, but it doesn't seem limited to people in acute financial distress?
Maybe it works differently too. I've read stuff about having to use a CC to build a credit score, or something along those lines, just to be able to get a regular loan in the future? In that sense it could perhaps be seen as a sort of investment?
Genuinely confused (as always).