My wife and I pay for almost everything we buy with a credit card. We put between $40 - $50K per year on the card. We ALWAYS pay it off in full every month. We use the points we get to get rewards. My card happens to be from BMW, and right now I have $2000 credit toward purchase of next car. Just used it to get free $840 airfares, $200 Macy's gift card, and last year $500 worth of high end bar stools.

We let others who over-extend themselves pay our rewards I suppose.

This is one lesson I have successfully taught both of our adult kids - never carry a CC balance! Never!! It is the worst sucker bet out there. If you can't pay for it within 30 days, don't buy it. You probably don't need it anyway.

Our schools really are lacking in teaching young minds how to use credit and handle their finances. It is a real gap in our education system IMO. It is left to responsible parents to teach the kids. Do it!

RAL