I’ve had a bumpy credit card history: I started out good — using a single credit card as a tool to build my credit history and that was it. Then I got into quite a bit of credit card debt. Then I went to the other extreme, and didn’t use credit cards at all for many years. But about a year or so ago, I got a credit card because of an unfortunate incident with my debit card that I hope will never be repeated. Since then, I’ve paid my credit card off in full each month when the bill comes.
But I’m still not comfortable at all with using credit cards. Basically, I use them for protection reasons & that’s it. (I do get a little cash back in the process, and I don’t get charged currency conversion fees — but those are just side benefits.)
Lately I’ve been feeling more & more uncomfortable with the bill. Even though I have the card I use all the time set up to be paid in full from my checking account automatically, I still stress about the payment. I check to make sure that the money came from my account on time, and that it actually made it to the card. I just don’t like constantly having this mental note out there that “ok, I’m up to $800 on the card now and that will come out of my account on the 22nd”. (I told you I use it for everything.)
It feels dangerous to me, like it would be too easy to slip into “well I may as well get this now because the cutoff date is past for the billing cycle”. There’s got to be a good compromise here somewhere. I may go with sending in payments every week, or more frequently. I just really dislike owing money, and thinking about owing money.