Yes, but only if the interest rate the credit card company is charging is less than what you’re earning on that borrowed money. Which, in the real world, normally means you’re paying off your balances each month. 😉
I’ve occasionally carried credit card balances in the past. I’ve become more responsible saving/spending money since then. My credit card balances are now paid off in full each month. Cash-back reward credit cards are used to earn some “free” money.
It usually doesn’t make sense to carry a credit card balance. However, people may experience emergencies during times when their savings are inadequate. Credit cards can be used if they provide the best viable solution. Funding an emergency savings account should be prioritized to avoid this situation in the future!
Not unless you have to!
Heck no!
As a general practice in real life, I say very likely not. Can one construct a hypothetical where it makes sense, of course.
Yes, but only if the interest rate the credit card company is charging is less than what you’re earning on that borrowed money. Which, in the real world, normally means you’re paying off your balances each month. 😉
I’ve occasionally carried credit card balances in the past.
I’ve become more responsible saving/spending money since then.
My credit card balances are now paid off in full each month.
Cash-back reward credit cards are used to earn some “free” money.
It usually doesn’t make sense to carry a credit card balance.
However, people may experience emergencies during times when their savings are inadequate. Credit cards can be used if they provide the best viable solution.
Funding an emergency savings account should be prioritized to avoid this situation in the future!