Credit card question

[CyberB0b]

I have a bank card that has been in my wallet for years and has NEVER been used whether for credit or debit.
I have no other cards.

Normally use Google Play cards to pay for whatever streaming services I use or to buy movies on occasion.

If I want to order something that is not too pricey. I get a prepaid credit card.

In the very rare times I want to order something that exceeds what most pre paid credit cards allow...I have the wife give me her debit card to the bank and use that with money already in the bank. I use hers because I do not remember my pin number nor do I know if it even works anymore.

The only think I got in the last five years or so that I needed the debit card was my guitar I recently bought.

In the past if I wanted a guitar I would do it on musicians friend credit
I never had trouble paying those off but I would rather not have a monthly bill on a credit card.

Hate the idea of paying all that interest.

Credit Cards are the Debil.
Debit cards are an invitation for people to get your info and use it for themselves. My wife has had this happen numerous times in the last four years.

That sounds incredibly inconvenient. Credit is a tool, like a chainsaw. You need to use it responsibly. I use a credit card for everything and have never paid interest. Just this year alone, I’ve used CC points for airline tickets and 7 nights in a 5 star hotel in Tokyo.

I heard it's even better to occasionally carry a balance. Thus it's better to, for example, charge 60 bucks worth of groceries, then pay roughly 30 when the bill arrives, and pay the remainder the following month. Somehow that's better for your credit than to just pay the whole thing off immediately. Anyone know if this is true or not?

False. Never carry a balance. The main factors for credit score are on time payments (no late payments or defaults), age of account, and available credit. If you have 1k in credit and are using $900 every month, that’s bad.

 

[Runwildboys]

I heard it's even better to occasionally carry a balance. Thus it's better to, for example, charge 60 bucks worth of groceries, then pay roughly 30 when the bill arrives, and pay the remainder the following month. Somehow that's better for your credit than to just pay the whole thing off immediately. Anyone know if this is true or not?

I believe it is true, but the amount of credit probably isn't worth the interest you pay.

 

[gtb1943]

I pay my card off every month, so they recently lowered my limit about $5000. That's fine with me. I don't ever want to put $23,000 on a CC anyway.
What bothers me is that I've never been late on a payment, but my card, which started off at a 6% APR is now at 15%.
The powers that be need to do something about the APRs these banks are allowed to charge.

In the late 70's the Usury laws were repealed when interest rates went so high. That opened Pandora's box and that is how you get what we have now. Like those absolutely obscene payday loan schemes.