Yesterday was one heck of a day. Girl Ninja and I were faced with having to make a HUGE life decision that we were not expecting. As a result of yesterday’s craziness, I sit here at 12:04am with little energy and no desire to blog. I know I’m being totally ambiguous and lame about details, so you’ll have to forgive me. I will definitely be writing about this dilemma soon (likely tomorrow) and will share the specifics then.
Since there is no new content, I’m going to copy an paste and old blog post of mine below. I’m assuming most of you weren’t reading me a year ago, so it will probably be new to you anyways.
I use my credit card for every purchase I make . I do this for two reasons 1) It consolidates all my expenses in to one big payment 2) I earn reward miles for every dollar I spend. Not too long ago I wrote about the perks of credit card incentives . Well a month later, I’m wondering if I am going to hell for taking advantage of these perks.
I’ve heard it argued that it is unethical to take advantage of CC perks. Why? Because the only reason the banks can offer these sweet deals is because they are charging the bajeezez out of those that are only making minimum payments. As one that ACTUALLY uses the perks of my mileage card, I feel obligated to lay my case for why using incentives is okay.
1. I have no internal debate as to whether or not I am hurting someone else by using these incentives. When I was in high school I cheated on a few tests (shhhh don’t tell anyone). When I was cheating I had an internal conflict that went something like “Ninja, you know this is wrong…Why are you doing this?” Obviously I told my conscience to shut it and cheated anyways. But at least in that situation I knew what I was doing was wrong. I have never felt like I was doing something bad by cashing in my airline miles.
2. There are two types of credit card owners out there. Those that pay their bills in full each month, and those that don’t. We both borrow money with an intention to pay it back. Why should I feel bad about being rewarded for being a responsible borrower and paying in full each month? The answer: I shouldn’t. As long as I follow through on my end of the deal, Why can’t I be rewarded?
3. At the end of the day, let’s be honest…it’s the credit card companies that are going to hell. They make a ton of money from sketchy lending, jacking up interest rates, and charging people five buttloads of money in late fees. Think about it like this. I’m actually screwing the banks by paying my balance in full each month. Every time I redeem my rewards, I end up costing them money. No sir, they get no interest charges or late fees from me.
So peeps what’s your call on this two-sided debate? Am I going to hell? I see arguments from both sides, but as of this moment don’t feel compelled to change my ways.