Believe me, I know this goes against just about everything you will read from the financial experts, but credit cards for me are a way of getting rewarded for making all of my everyday purchases.
The golden rule of credit card usage is to NEVER carry over a balance. We would also never charge something we couldn't just pay outright for.
We have multiple credit cards and use them for different types of purchases. If there is a credit card company that will give me 5% cash back on my purchases then that is the card I'm going to use. Our primary card is a card that gives us 5% cash back annually on our gas, grocery and drug store purchases. Cards like Discover offer 5% rewards on different categories of purchases throughout the year, so I'm always signed up and aware of what card to use when. I also love that for Discover cashback bonus you can increase your reward by choosing a partner gift card. I'm a big fan of getting $25 Gap gift cards for my $20 bonus. We also have a card linked to our Upromise account that earns us 1% toward our children's 529 college savings accounts.
One site I use to help manage our finances is Mint.com. Through this site you can compare some different credit card offers and determine what card might work best for you.
What do you think? I know with credit card usage going down I am in the minority here. How do you like to pay for things like gas and groceries?
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