Quote:
Originally Posted by Nyororin
The automatic withdraw isn`t instant. It`s once a month on a set date, but anything that isn`t put into the revolving account on the credit card is interest free, so you can really think of it as a delayed debit card sort of thing. If you have the money in the bank, just leave it there and it will be paid by automatic withdraw. If it is something that you would normally pay by credit (ie. You don`t have the money available to pay it all right away), you would request that it be put in the revolving account on the card. That part is what would be considered "debt" as it is paid off in monthly installments and you are charged interest.
I have a bank account dedicated just to my card - there is no chance of "accidentally" using the money elsewhere.
|
So basically you buy most of what you need throughout the month on a credit card, and then when pay time for your work rolls around, the credit card just pulls from your bank account at the end of the month?