Poll: What’s Your Credit Card Usage?

When it comes to credit cards, people fall into a number of categories. Some abstain from even owning a credit card, while others own a dozen and maximize rewards and other arbitrage schemes. And then you have everything in-between. Some people carry a low balance, others pay everything off in full each month, and some are carrying a significant debt load. So, I thought it would be interesting to see where many of the readers fall on the credit card usage scale.

We personally fit into two of the poll choices.Currently, we have credit cards, but we don’t currently use them for purchases. They remain open for their long credit history, emergencies when access to cash wouldn’t be available, or for buying things like airline tickets or renting a car. But on the other hand, we also have some credit cards with balances that were incurred/transferred over a few years ago when our business closed and we had to take on that debt. So, it is hard to  nail down exactly where we are, but in terms of current usage and purchase patterns, we’re in the have credit, but only use it when absolutely necessary camp. Where do you stand, and why?

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