Comment on The ultimate life hack the government doesn't want you to know

• dangblingus@lemmy.world ⁨8⁩ ⁨months⁩ ago

  You put normal monthly expenses on the credit card, then you immediately pay it off. Do this for a while and build your credit score. Use your higher credit score to get approved for loans/mortgages/bigger credit.

  All credit is is a way to buy something expensive that you can’t afford right now. Figure out what you want to buy, then build the necessary credit to be approved for the big purchase.

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  • pazzeda@sopuli.xyz ⁨8⁩ ⁨months⁩ ago

    Heh, no credit agencies in my country, no credit score.

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• Stumblinbear@pawb.social ⁨8⁩ ⁨months⁩ ago

  Not having a credit card is giving up free money in cash back and rewards

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  • Destraight@lemm.ee ⁨8⁩ ⁨months⁩ ago

    [deleted]

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    • Aux@lemmy.world ⁨8⁩ ⁨months⁩ ago

      Of course you can if it is a cash back.

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    • Stumblinbear@pawb.social ⁨8⁩ ⁨months⁩ ago

      I literally can withdrawal it

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    • dangblingus@lemmy.world ⁨8⁩ ⁨months⁩ ago

      You can withdraw it. It’s called a cash advance. It’s cash that immediately accrues interest on your credit card balance.

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• iFarmGolems@lemmy.world ⁨8⁩ ⁨months⁩ ago

  When you pay with credit card it’s bank’s money. When paying with debit it’s yours.

  I pay everything on the internet with credit card. It’s safer.

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• Fogle@lemmy.ca ⁨8⁩ ⁨months⁩ ago

  I use mine for cash back. I’ve been watching this finance channel on YouTube and the amount of Americans with thousands and thousands of credit card debt at sometimes over 30% interest is fucking insane.

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• Aux@lemmy.world ⁨8⁩ ⁨months⁩ ago

  Juicy cashbacks with AmEx.

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• mayonaise_met@feddit.nl ⁨8⁩ ⁨months⁩ ago

  Maertro crowd isn’t so lucky. And rental companies don’t advertise this.

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