Comments on: How I Manage My Credit Card Payments

By: Sneaky Credit Card Trick | How I Save Money.net

Sneaky Credit Card Trick | How I Save Money.net — Wed, 08 Apr 2009 12:23:50 +0000

[...] I have a system to pay my credit cards where the two cards I use on a regular basis (to earn cash back) get paid four times a month based on my budget for what is put on that card. I have an idea of what I put on each card and divide that by four and ING sends that one fourth payment every week to the card. The amount is more than the minimum payment would be and since I am paying multiple times I do not even have to worry about the due date. [...]

By: Simple Goals For 2009 | How I Save Money.net

Simple Goals For 2009 | How I Save Money.net — Thu, 01 Jan 2009 12:32:43 +0000

[...] have already taken a step to reducing the mental clutter by simplifying the way I pay my bills and credit cards and using a zero based [...]

By: Craig

Craig — Tue, 30 Dec 2008 14:57:09 +0000

Thanks, after that it seems that if I am to get another card, it would probably be an American Express because they are known to have good reward programs, other than that it doesn’t seem necessary.

By: LuLuGal

LuLuGal — Mon, 29 Dec 2008 22:41:15 +0000

I would not ‘recommend’ that you get another card but will tell you why I have more than one.

First..I started applying for cards in college and then forgot what I applied for and applied for something else…hence my first 4 cards.

The reason I got other cards was things like the different rewards they offer. I have one card that classifies WalMart as ‘other’ and I don’t get rewards for shopping there. Boo!!!! So I got another card that gives me 3% cash back at Wally and I am happy.

I have one card that gives 5% on a different set of categories every three months. When it gives rewards on gas then I use to fill up but in the months it does not give rewards for gas then I use the other card.

I was pretty bad about it with about 8 different cards and all of them being used at the same time. Now I just use Discover and Chase…because of the way they both process various merchants I deal with.

I think many people have multiple cards because of the different rewards.

People also get multiple cards because some cards offer a bonus for signing up. (*guilty of doing this !!!!!!!!*)

I also got a card because it offers a free credit score. You generally have to pay for a credit score so this was a good deal for me.

If you are satisfied with your card then I see no reason why you should get another one. However if you just want some different rewards or a sign up bonus then you can look at another card.

By: Craig

Craig — Mon, 29 Dec 2008 22:21:47 +0000

Ok apologize if I misunderstood. Either way was just adding onto advice for other readers. I only have one credit card and one debit card. Do you recommend getting another? I pay off my debt in full every month. Do I need another one? Not sure if it serves a purpose or not but then why do people tend to have more than one card?

By: LuLuGal

LuLuGal — Mon, 29 Dec 2008 22:12:28 +0000

I don’t have late fees Craig. I was just saying that can be ONE of the fees people sometimes occur.

My credit cards are paid in advance of the due date so I do not get late fees. I am carrying a balance on some cards from past mistakes and from balance transfers on others.

By: Craig

Craig — Mon, 29 Dec 2008 21:58:04 +0000

The best way to manage credit cards and late fees is to not have any late fees. If you work on setting your budgets straight and try sticking to them as best as possible, you will know what your balance should be approx every month and do your best to pay off all debt.