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How much credit card debt do you guys have right now?

ChuyMasta

Member
Jul 29, 2011
2,610
144
655
Colorado
-$200 on Wellsfargo
-$150 on Chase saphire (preffered?) I dont recall or maybe capital one
-$150 on Capital one


Those sign up bonuses are neat! Though now I gotta do monthly homework to meet minimum requirements including transactions

Other than that, yeah on average 3k a month total among all cards, I just pay it all off every term.
 

Jonirenicus

Member
Jun 23, 2019
260
312
310
Too much, especially since I just financed a bunch of house stuff via Synchrony Bank which is classified as a "credit card" even though it's low interest, fixed payment repayment (It wasn't optional house stuff, hooray plumbing nightmares)
 

plane.jpg

Member
Oct 25, 2017
432
420
300
Well, zero, but I have a balance of like 7k across 4 cards that will all be paid off before I get charged any interest.
 

infinitys_7th

Gold Member
Oct 1, 2006
5,150
5,631
1,560
$0 accruing interest. Everything gets paid off automatically.

I've only got about $25,000 in debt now, between land and car loans. The former is at 3.9% (great rate), and the latter is at 1.8% (basically cash), so almost everything goes to principle. I'm mostly paying myself now.
 

Al Abaster

Member
Jul 20, 2019
94
149
210
I don't carry debt on my credit card. It's just a convenience for larger purchases and game subscriptions, and I pay off the full balance every month. I have no debt in my life at all, actually, with the exception of my mortgage. That will be paid in full in three more years. This will be the second house I owned outright.

Debt is evil. The key to a happy life is living below your means, not beyond them. If you can't pay cash for it, you can't afford it.
 
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Nester99

Member
Sep 17, 2016
1,076
308
365
BC
$0.
if you carry a balance, try and get a line of credit to dump the balance on for lower rates. Be careful of seing a balance free CC as an excuse to spend more.

If you cant pay your CC off every month, you are doing it wrong.
 
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Joelenheimer

Member
Jul 24, 2018
161
225
310
Seattle
Maybe around $200. Buy groceries and gas with it and pay it all off when the bill's due. If you've racked up some debt you're doing it wrong. I've met too many dummies that get credit cards and think "FREE MONEY" now they're fucked...
edit
If you can't buy whatever you're looking to get with that credit card right now, cash. Don't use it.
 
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kingbean

Member
Jun 27, 2016
1,303
1,149
645
Probably around $14,000.

I did a lot of big purchases to set my house up how I wanted it and I've just been slowly paying it off as I go.

Luckily I make decent money and don't struggle with it.
 

Paltheos

Member
Feb 28, 2015
1,990
132
345
A few hundred at the moment, all misc. credit card debt that I generally pay each month.
 

Drake

Member
Oct 16, 2012
1,400
533
630
Eh, like 800 bucks. I pay for everything with it though and pay it off at the end of every month.
 
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jadedm17

Member
Sep 24, 2009
3,806
301
900
Florida
About $8000, up from $5000 ive worked it down to - Around $15000 a few years ago.

Left my job and im making almost nothing right now so im struggling. Hopefully October will be better - job interview for new place tomorrow - but September is gonna be rough.
 
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bitbydeath

Member
Nov 25, 2015
8,511
6,466
905
I use mine to offset my mortgage so it gets paid off at the end of each month.

The only real debt I have is the home loan.
 

V4skunk

Member
Nov 20, 2018
804
624
315
None. Never had a credit card.
Had bank loans in the past, I'm debt free completely at this moment.
 
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infinitys_7th

Gold Member
Oct 1, 2006
5,150
5,631
1,560
Any Ramsey fan here?



Anyone?
That's kind of dumb advice for almost everyone outside of big cities with plentiful public transit.

You have to have a car (or transportation), phone, and internet access to get anywhere in the world.
 
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zelo-ca

Member
Jan 26, 2018
1,017
1,200
400
That's kind of dumb advice for almost everyone outside of big cities with plentiful public transit.

You have to have a car (or transportation), phone, and internet access to get anywhere in the world.
The photo lacks context. He is saying sell your car if it is too expensive for your income. If you make 40k a year and have a 20k car he would tell you to sell your car and get a cheaper one.
 
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Dark Star

Member
Jan 14, 2018
534
475
330
I pay off my credit card ASAP, like the moment I have access to the billing statement for the month.

so... $0 and no debt whatsoever. If I can't afford it, don't have the cash on hand, I don't buy it, and I definitly don't use my credit card unless I'm actively trying to build my credit score
 

godhandiscen

There are millions of whiny 5-year olds on Earth, and I AM THEIR KING.
Mar 15, 2007
13,226
291
1,305
I pay mine bi-weekly. I just paid again, so I am at $0, but it can grow up to a few thousand.

I wouldn't say CC's are a net negative. Building credit is one of the most important factors taken into account in your credit score, which enables you to access loans that allow you to buy a house or start a business. It is absolutely important to pay your CC debt ASAP, but completely denying the use of them is a bit short-sighted.
 

Guiberu

Member
Jan 6, 2009
961
828
1,010
England
Mother of my child has been fucking me the past few years. Went from having a few thousand in savings, to now being £7k in debt.

Hate it. Probably one of the most emotionally damaging things in my life at the moment.

Always pushing forward though.
 

JORMBO

Darkness no more
Mar 5, 2009
7,064
4,815
1,400
I pay mine off each week. I only use it since I like the rewards points.
 

Susurrus

Member
Feb 7, 2007
1,479
126
1,110
Otterbach, Germany
I use my Sapphire Reserve and Freedom for just about everything I buy, but pay it off every paycheck (2x month). Collect the points and don't pay any interest.

Bought airline tickets from Washington DC to Seattle round trip, and Seattle to Honolulu round trip for a family of 3 + lap baby and used only points, so I'd say worth it.
 

Vicetrailia

Formerly 'ViceUniverse'
Mar 12, 2019
591
269
335
About 2000. I paid off a big medical bill on a 12 month interests free card. I pay off 500 a month so I'm almost done, just in time lol.

The only debt I'm worried about is my student loans with 25k left to go.
 
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Oct 26, 2018
5,238
4,507
460
$0.

It's also a no fee dividend kind of card, so after using it to buy stuff all year, I get back around $500 cash.