To think most people don’t actually pay off their credit cards in full each month?

[PoliteCyanViewer]

I always hear advice about clearing your balance each month to avoid interest but how many people actually do it? With the cost of living, unexpected expenses, and temptations everywhere, is it realistic? Do you pay yours off in full or do you carry a balance?

We use the CC for pretty much everything...have always paid it in full every month - really resent paying interest

There was a brief period of time in my twenties when I didn't it (I did a balance transfer at least once) but it has been paid off in full for at least the last two decades. I use it for most purchases now - simply for protection/points/perks as opposed to a bit of credit like I think I did in my mid twenties.

I do

I always do, without exception.

I guess I haven't really looked. I see signs in petrol stations to say they don't accept them and just made an incorrect assumption.

I never see Amex advertised any more. Why is that?

My credit card only has £500 limit which I pay off in full every month.

We do. Only use it for big ticket stuff where we want the protections, interest rates are punitive otherwise.

I did not used to pay off my credit card in full each month because I spent more than I earned.

That kept me in credit card debt for 20 years. I finally paid of my final o/s balance a month ago and was so happy I almost cried (yes this seems pathetic I don’t care. There maybe people using credit cards to meet essentials but most who don’t pay their balance in full are just bad with money.

Had a credit card for 45 years and paid it off in full every single month.
I only buy things I have the money for and use the credit card for the insurance.

I don’t, but that’s because the last time I paid it off in full my credit score took a massive dip, so I leave a grand or so on it, 0% interest. I don’t have a mortgage etc so I don’t have any other way to keep my credit score up. I do have more than enough in savings to pay it off without an issue if I had to

This is why I don’t have a credit card, as I don’t want to be tempted to spend beyond my means.

We do but some people must not because otherwise credit card companies wouldn’t make money. Apart from seller fees of course

I do have a varaible DD to make sure it happens. I tend to use it on-line shopping or big buys for extra portection credit card gives.

Though last year I was bouncing between credit card and overdraft - it's better this one.

DH doesn't always- sometime he has to wait to get paid back from work with overseas travel before can pay it off in full- without raiding long term savings - but it's never more than a month or two at most.

Lol what a surprise unlike the rest of the world on planet Mumsnet 99.9% of people clear their cc balance monthly 😂
It's like the mythical Mumsnet chicken that makes 6 meals 😂

I collect air miles on mine so put most of our monthly spending on it and pay it off fully every month. I wouldn't use a credit card to pay for something I couldn't afford due to the interest rates

I pay in full each month.

We both pay ours off every month.

We do, it's a cash-back one. If we couldn't we'd rather borrow the money on a new zero-rare card or a low rate loan.

Yes always. We only got a credit card once we knew we wouldn't be reliant on it. Its mainly used for online purchases.

We do. Hasn't always been like that though and got into some tricky situations when younger.

I do now but for 20 years of school fees, lumpy self-employment income and spendthrift XH I juggled credit card debt on 0% deals, a mortgage and an overdraft fairly efficiently - it was a means to an end, which I achieved 🤷‍♀️

And I suspect most of the responses on here are from high earners.

I do. I only use it because either I don't know how much I have in my current account towards the end of the month so it's to avoid embarrassment at the checkout or for online shopping or big purchases.

We both pay ours off in full every month.

I have had credit card for 20+ years

I pay it off each month