How do you use your credit card?

[Annoy]

I have a credit card and I tend to put all my wages except bills/direct debits from my current account on to my credit card on pay day. Then I solely use my credit card in the month. Paying for everything else... fuel, food etc.

Is this normal?

The only issue I have is that when I pay in to the credit card I haven’t actually paid the full credit off as I’m still trying to catch up from a car issue a few months ago, so this month e.g:

£3000 in debt.
£500will be added on pay day.
Approx £300-400 will be used.
£100 will be paid towards the debt.

Is this a totally random way of doing things?

Cheers!

I would just be putting what you can afford to pay off it monthly on it.
Don't see the point in transferring over to spend it.
Transfer the £100 monthly. Keep what you spend on current card.
Cut the card up

I don't know but it sounds odd to me. I don't have a credit card as an ongoing thing so maybe I'm just not clued in. I've had a few interest free ones to get me through a big purchase but I always paid it off before the interest kicked in. I'd suggest you stop using the credit card altogether and just work toward steadily paying it off, whilst keeping your wages in your bank account and use your debit card for day to day.

I’ve never heard of anyone doing it that way.. what’s the benefit of doing it that way? I just use my card and pay off some of the balance each month keeping my money in my main bank account.

I do similar, direct debits come out of current account, everything else goes on my credit card, pay it off at the end of each month. I only do it because it's an M&S card and I get vouchers.

The down side with your process is you don't pay it off in full each month so unless it's 0% APR it's very expensive debt.

I’d only do that if you were earning points or miles or something from it. And make sure it’s a 0% one of you have debt on it.

I use mine for all online purchases for the extra protection, linked to PayPal etc. but it’s not in debt and gets paid off every month. And anything big like a holiday/furniture.

I always thought the was more protection with C cards. Plus sometimes your can get points/rewards depending on the card.

Mine is just a basic 0% card. Although the 0% runs out in Dec and doubt I’ll have it paid off by then 🙈

I only use mine for bigger purchases (like concert tickets).

Paying it off as had to use it for a household emergency that my insurance refused to cover!

I think it’s psychological! By seeing £500 of it being paid off at the beginning of the month 🤣

Yes I think it's a bit strange. I would keep current and credit accounts separate.

After getting into credit card debt in my 20s, I paid it off by transferring to a 0% card and then drew up a plan to repay during time it was interest free. Stopped using card altogether.

Few years before I got a credit card again and now only use for online purchases and pay off in full every month.

It makes no sense. But then again I don't have a credit card so I wouldn't really know.

I use mine for most things (ie day to day spending) but I pay it off each month, so I use it the same as a debit card. That way I build up my credit score by showing I'm reliable but I don't go into debt and I get holiday points on it for when I go away. I also don't pay interest on the balance as its paid off every month so nothing carries through.
The only debt I have at the moment is my mortgage and student loan.

I think, in your situation, I would do exactly what you do.

I'm in a different place (now) and pay for anything and everything I can via CC and pay it all off each month. When I was in your situation I did the same as you. If I managed to 'not spend' a bit more one month my balance was lower. If I needed to spend a bit more (say a car bill) then it got paid.

Unless you are on a zero percent deal though I would really try and pay as much as I could each month. The interest charges are really excessive.

I use my credit card for all outgoings (other than household bills) - food shopping, petrol, clothes, all big expenditure - then pay off in full each month. I earn a small % of cashback each month and it also helps me to keep a track of what I spend as it’s all in one place.

For everyday spending, you don't need protection. For example, putting petrol in your car - 1) only credit card purchases of over £100 offer additional protection, so not relevant and 2) what sort of protection would you need for such a transaction?

I'm don't quite understand your system, but if you're building up debt doing it, you need to reassess.

I use mine for food shopping only, partly because I get loyalty rewards, and partly because I wanted to keep the grocery bill in one place after being a bit aghast at how many top up shops etc I was doing.

I kind of see what you’re doing. These days I use a CC for everything and pay it off. I get points and then vouchers each quarter.

I have wages paid into my regular account and a direct debit set up, so each month, my whole credit card is paid off. I'd never spend more than I can't pay back fully that month, then then have to pay interest

I use the card much more since covid, so pay for nearly everything day-to-day with it.

I only use my credit card for amazon purchases or online shopping. I dont use it for day to day spending. Unless you pay the full balance each month it could end up an expensive way to do your shopping

Ive never heard of anyone using their credit cards like that.

I use mine for food shop and petrol throughout the month and then pay it off at the end of the month.

I use mine for pretty much everything and then pay it all off, every month. I get a bit of cash back for doing that.

I use mine for food shopping and fuel, it's set to auto pay the full balance every month, heard it was good for my credit rating

I use mine for all things that I can (it's Amex so not accepted everywhere). Only do that because I get cash back, then pay off in full at the end of every month. I wouldn't routinely use it if it's just for the protection - you don't need that on our grocery shop do you?

Well, it's not how most people do use their credit card BUT what you are doing does sort of make sense, in that I presume if you were paying £100pm off and not using it, only £100 would ever get paid, whereas if you put £500 on and only use £380 rather than £400 that month, you've paid an extra £20.

I never have an outstanding balance. I use mine to pay for my fuel and food shopping then pay off in full each month- it's a habit from about 10 years ago when I was trying to improve my credit rating. I always use credit card for large purchases then pay off the following month.

I have a credit card and I tend to put all my wages except bills/direct debits from my current account on to my credit card on pay day. Then I solely use my credit card in the month. Paying for everything else... fuel, food etc.

You are kidding yourself if you think this is anything other then you not being able to manage your debt tbh. Spend from your account and pay the card off but by bit each month.