[ZJP]

I have 4 credit cards with minor debt, nothing horrendous.

[yellowg555]

Originally Posted by O-cha

If you don't use a CC for every purchase you can than you are a moron. I get almost 100 dollars back every month just for using the CC for all my purchases.

Who can argue with 2% off every purchase you make?

3% if you have Chase Freedom.

I don't get why debt is such a bad thing. Your money today is worth more than it will be in the future. That logic applies to car loans and mortgages. Why pay more off now when you can stretch it out and end up paying "less"? All that extra money you would be paying towards your debt to pay it off faster, you could throw into a relatively conservative mutual fund and get a return of 8-10%. You'd end up making a few % return on that money even after the loan interest, but that of course depends on the market and the loan interest rate.