Use the card and pay it off at the end of the month. Actually save 15% plus free use of the money for about 45 days. The only thing that might happen is a ding on your credit score, but if you stick to this your credit score is already high enough it doesn’t make a difference.
The math here is terrible. As others already pointed out, you can pay in full at the end of the month without interest. Even if you don’t, the 15% is 15%. The 22% is annual interest, and if you pay it off in a couple of months, that’s only 1/6th the interest charge. I know it’s just a cartoon, but still …
francois.nalin almost 5 years ago
bad math : 0.85 × 1.22 = 1.037 so it’s not 7% but 3.7% OK still
MIHorn Premium Member almost 5 years ago
Not if you pay it off in full every month.
BearsDown Premium Member almost 5 years ago
Credit card debt is the real buzzkill.
Great Wizard Nala almost 5 years ago
Not if you pay it off as soon as the first bill comes in!
davanden almost 5 years ago
If you pay off the card every month, you don’t pay interest. If you can’t do that, you shouldn’t be buying.
Zebrastripes almost 5 years ago
The formula is to pay the bill In full, on time and no interest…..
ms-ss almost 5 years ago
Use the card and pay it off at the end of the month. Actually save 15% plus free use of the money for about 45 days. The only thing that might happen is a ding on your credit score, but if you stick to this your credit score is already high enough it doesn’t make a difference.
ZBicyclist Premium Member almost 5 years ago
The math here is terrible. As others already pointed out, you can pay in full at the end of the month without interest. Even if you don’t, the 15% is 15%. The 22% is annual interest, and if you pay it off in a couple of months, that’s only 1/6th the interest charge. I know it’s just a cartoon, but still …
aerilim almost 5 years ago
Not if you pay back by the end of the month..
Lee26 Premium Member almost 5 years ago
Mr Wise and Mr Aldrich must’ve been drawing cartoons in math class. Or else this couple needs to hire an accountant since they both suck at math.
HappyDog/ᵀʳʸ ᴮᵒᶻᵒ ⁴ ᵗʰᵉ ᶠᵘⁿ ᵒᶠ ᶦᵗ Premium Member almost 5 years ago
There seems to be a consensus here about how to pay your credit bills. I follow the same rules.
1MadHat Premium Member almost 5 years ago
I’ve been using debit cards for 30 years.