Reply #84: I know it doesn't work for everyone but it sure works for me. Because I pay

[grace0418]

it off every month I don't really care what the interest rates are. They can charge me 50% for all I care, they don't make a dime of interest off me anyway.

And since I also pay my bills online, I have absolute, irrefutable proof of when my electronic payment was sent and posted. They simply can't pull that late posting bullshit on me. Citibank tried once, and failed. What recourse did I have when the company said my snail-mail payment arrived late, even though I sent it in plenty of time? None. The number of times I got charged late fees for no good reason was enough to make me say good-bye to checks forever.

I also make a habit of checking my credit card account online at least every other day. Not only to I catch any potential problems or fraudulent charges, but it also keeps me from overspending because I know exactly how much my balance is at any given time. I do the same with my bank account. I definitely have much better control over my finances now than when I wrote checks. It takes a little discipline but it is totally worth it. Especially when I consider that I will be traveling to New Zealand next year on airline miles built up largely on that one credit card.