Originally Posted by
Michbowhunter
Many credit cards these days--including Cabela's--have incentive programs that allow you to earn points towards future purchases. And if I understood what was said, this gentlemen pays off his balances every month, so he is charged no interest; therefore, it's no different than using cash.
I do the same thing with my Cabela's card. Whatever I charge, I pay off that month, and I've earned nearly $300 towards FREE Cablela's merchandise, and I've never paid any interest, or any other fees, so not only is it convenient to use a credit card as opposed to cash, but I'm earning something in return for it as well..... you can't do that with cash and buying with cash doesn't build credit.
Exactly. Free stuff = money you don't spend = you're actually AHEAD by using the card. Of course this only applies if your "free stuff" is stuff that you would have purchased anyway.
I don't get free stuff, but do get "cash-back" on both my Visa and Discover. They are paid off every month so I pay no interest. Without going and looking at all of my statements to verify, I figure I get about $700.00 cash back a year. That is money I can invest for my future.