I recently became the 4th (out of 4) victim of debit card fraud
in my immediate family. And I get that that it’s a huge racket; but I cannot
understand how someone can somehow walk in a store and use my debit card without
the pin number hundreds of miles from home. But I digress….
My wife recently mentioned that one of the things she wants to
do more in the future is travel. Hmmm, I thought: “Is there maybe a way to kill two
birds with one stone here?”
Starting August 1, we will use credit cards to make all of our
non-cash purchase (utilities, groceries, eating out, etc.). Chase has a card
that will give us 50,000 reward points (equal to $600 in travel purchases or
$500 cash back) for charging $4,000 in 90 days (or something like that) as well
as cash back on all expenditures after that.
And yes, after a year of spending every cent (except for $1,000
of our savings) we had to eliminate all debt, a credit card scares me. I
actually had a dream last night where I forgot to pay the bill and we somehow
ran up more debt than our home is worth, while also spending the rest of our
money traveling. I woke up in a panic…. However, the pros seem to outweigh the
cons in this scenario, so we will give it a shot for the remainder of this year
and see how it ends up.
More to follow….
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