Do you use your credit card to pay for every day purchases?

skyrider007

I like the peace of mind when paying for my daily expenses using my credit cards (this include groceries, petrol, prescriptions etc). I always pay by bill in full each month. I also like the fact that it is easier to budget when I could view my spending on a separate statement rather than having each payment deducted from my account right after the purchase (as with the case for debit cards).

I'm just wondering how many of you out there do the same and whether you think this will affect the bank's internal behaviour score (for not using their debit card) or not.

robpw2

NO always pay cash im under the mindset if i dont have it in my wallett then i dont spend it .
credit cards lead you down a slippery slippery slope

CannyJock

robpw2 wrote: »

NO always pay cash im under the mindset if i dont have it in my wallett then i dont spend it .
credit cards lead you down a slippery slippery slope

Nah, get a 0% credit card for purchases. You get a detailed record of where you're spending your money which you can easily put into a budget tool.

Oh yeah, and you get to earn interest on your money while it's in the bank.

Mon the stoozers!

GreyPilgrim

robpw2 wrote: »

NO always pay cash im under the mindset if i dont have it in my wallett then i dont spend it .
credit cards lead you down a slippery slippery slope

Completely the opposite. If I have a tenner in my pocket and buy something, I'll usually end up spending the change as well. (I found this was why I was spending so much as a smoker...not just the cost of the tabs, but also the loose £4.xx jangling around my pocket got swallowed up by chewing gum, newspaper, sweets, rubbish.)

I do all my spending on a credit card because it doesn't leave me with any change. Pay it off in full at the end of the month so that my salary has sat in my account for as long as possible.

I carry cash as rarely as possible. My daughter gave up asking if she could 'borrow a pound' off me months ago, so I've saved loads that way too.

cajef

robpw2 wrote: »

credit cards lead you down a slippery slippery slope

Only if you let them, it is called budgeting, only buying what is necessary and being aware of your finances, what is the difference between using a card or drawing cash from a machine whenever you need to make a purchase.

I pay everything with a card, BUT always pay off the full amount each month, also get an annual cash back from the card company, money stays in my account earning interest, so it pays to use my card.

emmy05

agreed, i pay mine off in full, and obviously makes my bank look good with my wages just sitting there, plus if i were to take a load of cash out, im more likely to spend the blooming lot lol

zzzLazyDaisy

I'm the same. I use my CC for everything and pay it off at the end of the month. Plus I get cashback.

If never have cash in my purse, if I do I just spend it!

mrmajika

I too use a credit card for everyday spending and pay off in full each month. We have been doing this for around 2 years now and manage to earn around £400 cashback each year.

This pays the bulk of a small holiday each year for us. It is money we wouldn't have by paying by cash or debit card.

NickX

CannyJock wrote: »

Nah, get a 0% credit card for purchases. You get a detailed record of where you're spending your money which you can easily put into a budget tool.

Oh yeah, and you get to earn interest on your money while it's in the bank.

Mon the stoozers!

Agree with CannyJock, make some cash out of the credit card companies rather than the other way round :j

neverdespairgirl

I have 2 credit cards I use mostly - one for personal expenses (cashback) and one for work expenses (ditto). I pay them in full by direct debit.

My bank statements therefore look quite empty - only cash withdrawals and DDs, usually.

Purple_Peril

Definitely credit card - currently Capital One in the introductory period (with 4% cashback). Once that reverts to the standard 1% cashback I may think about a 0% purchases card and stooze with it, but I'll have to do some sums to see which would make me more money.

It goes without saying that I have a DD set up to pay the full balance every month.

I usually get through about £30 cash a month - and that's only because I can't pay for my lunchtime coffee at work with a CC!!