We pay off our credit cards every month but they usually total between $1,000 and $1,200 a month.

We use the cards for absolutely everything from gas to paying bills to groceries and so on...

What is your total credit card debt?

we don't have any We too use cards for everything and then pay them off. We put about $1-2K a month on personal cards (we hardly use cash for anything) and then pay it off. I put over $7K a month on my business card (and earn $75 or more a month in Amazon GC's) and pay it off. I do not believe in paying interest

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Proud to say I haven't shopped at a Wal-Mart since Sept 2003

No credit cards here, just a debit card

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"Never loan your car to someone you have given birth too"

We earn frequent flier miles so we charge nearly everything that will take a credit card and pay it off monthly. We have paid it off every month for about 10 years now. Lately it's been on the high side because we moved in June and we're still getting everything settled.

Lisa

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"It's not having what you want,
It's wanting what you've got"

We pay off our card every month now, but there was a time that our credit card debt was over $15,000

We charge everything we can using our American Express. It enables us to get tons of airline miles, since we combine our personal and business points together. If they don't take AE, we use only our debit card.

we have 2 cards, both low limits rebuilding credit is a b*tch!!

but... it's under $1000 total on both cards, we don't pay them off, but we pay more than 5 times the minimum.

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SPJRNTGADL!

We have 2 credit cards. The one we pay off every month.
The other is a Lowes card..we brought stuff on the 12 month no interest payment. So we took the money we was going to pay that off and got a CD from the bank making interest that maturies before the Lowes payment is due.

What a great idea!

I do that too! I don't consider my 0% interest "debt" since I have the money to pay it off earning over 5% interest.

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Proud to say I haven't shopped at a Wal-Mart since Sept 2003

Anything I can possibly put on the credit card, I do. I have a reward card and pay it off monthly. I have done this for years and it has worked to give me even more financial freedom. The catch is to be able to pay it off monthly, and to do so!!

dl

We owe JUST on credit cards around $11,300. That's about 6 different ones. We are slowly digging our selves out of this mess we are in. Once we do, which will take us years, we will NOT use another credit card. We've been in debt like this twice (paid everything off w/inheritance). You'd think we would have learned after the first time.

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Amy
Mom to Lauren, Eryn, Naysa
and announcing......
Gavin Michael Chase, 9 lbs 10 ozs
and 21 3/4 inches long on 10/13/09!

We use no credti cards at all. I have considered using a credit card to pay everything then pay it off every month. Which one/ones do you all use, that gives the best "reward"?

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$0 we don't use them and would only if it were literally a matter of life and death. It makes no sense to pay so much interest for something I don't really need. I would rather live with second hand furniture and buy my clothes at 50% off sales and pay the money I would pay in interest to CC on my principal on my house note.
That makes financial sense.

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The political system is broke and it's a joke.

I'm in awe of the ones that are able to pay them off at the end of the month. hubby and I just joined the dave ramesy program
we've dug ourselves out of 11k in cc debt and are down to $1700.00
slowly but surely were getting there. It is helping out a ton now that we are BOTH committed to it. But this cash only thing... it's for the birds!

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Too many people spend money they haven't earned to buy things they don't want, to impress people they don't like. - Will Rogers

WE have a chase cash rewards for personal and I have chase amazon for business and are very happy with them.

annadrose, I agree BUT I use the credit cards so I get the free rewards. It's like being paid to use the card. I pay my balance off every month (no interest) AND get money back for doing so (like cash back or GC's). I pay for our entire xmas (and then some) with just the GC's I get from my amazon.com card.

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Proud to say I haven't shopped at a Wal-Mart since Sept 2003

We have about $24,000, most of which came from huge ticket items. We got central AC, granite counters, my lasik surgery and everything is on a no interest credit cards, so sort of a free loan. We don't charge stupid stuff, like dinner, gas, or groceries, that adds up and you have nothing to show for it except a bill.

We are expecting an inheritance this coming year, so we will pay everything off, just to get out of debt and not have those payments anymore. We never had credit card debt until this past year and this house, it needed a lot of work and instead of a home equity loan we charged it all.

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"A true friend is someone who thinks that you are a good egg even though he knows that you are slightly cracked." ~ Bernard Meltzer

everything goes on one credit card that is paid off monthly, and i earn cash back. i don't even use the mac machine for cash - i'll get cash over (on top of purchases) at a store on my credit card and will also earn cash back on that $ instead of pulling it from the mac machine.

I think this is a common situation, being in and out of debt. I know of two different people who have filed bankruptcy not once but twice. That is something i'll never understand

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"Never loan your car to someone you have given birth too"

We have 2 credit cards and they both get paid off every month.

We use our Kroger card for groceries and gasoline, which gives us gas at .15c off per gallon every time we spend $100 at Kroger. They also periodically give us checks to use in the store and great coupons.

We have a Disney card for other purchaes, doctor bills, etc.. We earn points to be used at the Disney Store or Disney parks. Christmas and vacation!

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Square dancing is friendship set to music!

We have no one to blame but ourselves. We've paid everything off once before and we're doing it again. It will take us longer this time, but hopefully we've learned our lesson THIS time.

It's actually quite pathetic w/the amount of $$ hubby makes there is NO reason why we should be living paycheck to paycheck. But, we are and it's mostly because of this stupid CC debt we're in.

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Amy
Mom to Lauren, Eryn, Naysa
and announcing......
Gavin Michael Chase, 9 lbs 10 ozs
and 21 3/4 inches long on 10/13/09!

Zero credit card debt. We do have 2 but if/when they are used, we pay them off in full and usually before the bill even arrives in the mail.

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"Why must you speak, when you have nothing to say." Horatio Hornblower

$0- we use debit cards and wait for what we need until we can pay cash. Have one on hand for dire emergencies but never use it. We learned that this is not a way to live. Will never get into debt again. I don't mind waiting, you enjoy it more like that I think. We do!!

cancer is expensive.....

We had zero cc debt before Patrick was diagnosed a year and a half ago. We are up to our eyeballs in debt now. Cannot even consider bankruptcy, as DH's Top Secret security clearance would be taken away; hence his job as well. Hopefully my new job will help us dig our way out a bit at a time.

We use our credit cards for everything--but, never more than we can pay off in one month. I hate to carry cash, and I want to take advantage of airline miles.

We have no credit card debt, and haven't since we've been married (over 17 years). We both had a little bit after college, but we both had our credit cards paid off before we met. We always pay it off in full every month. It will vary depending on DH's business travel (I'd say it averages about $10,000 per month). We use one credit card, that gives us frequent flyer miles, for everything (business travel, utilities, groceries, etc).

I really want to throw up looking at all you people that are not in debt. I am sick just thinking of all the $$ i owe....I have about 100K in cc debt. i will probably never be able to pay it all off...

Holy smokes - how do you rack up $100k in CC debt?? Is that big purchases/home improvemetns, etc??


cj/

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I was walking home one night and a guy hammering on a roof called me a paranoid little weirdo. In morse code. -Emo Phillips

We did something similar with our car payment. We bought a minivan with 0.9% interest and financed the whole thing over 36 months (my car payment is more like a mortgage <lol>). We then took the money we would have used for a down payment and invested it. We will 'earn' around $600 over the 3 years of our loan.

We have no CC debt -- we pay it off every month. We spend between $1K - $2K a month and hardly ever use cash. The only time we don't pay the card off every month is if we get one of the 'no interest' deals like described above. Then we pay it off just before the promotion expires.

Sarah......mom to Jason & Devin

I would not say they are "not in debt". Many people have debt, car loans, outstanding student loans, etc. The question was in regards to "credit card debt". I think you'd be surprised to know how many other people are actually in your boat. Perhaps not as "deep" in your boat, that IS a lot of debt. But, I think it is do-able(sp?) to pay off. There was a family on Oprah that had a lot of debt, and she had some experts on there working with them. They did very well getting it paid down. Don't get discouraged, get motivated.

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Doing the right thing isn't always the same as doing the easy thing.

I don't know about you, but I am "not in debt". Sure, I have a mortgage, but I could pay it off if I was so inclined, but for now my money is actually earning more elsewhere. No car loans, no student loans..... It is a different way of living, for sure, but I like it.

cj/

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I was walking home one night and a guy hammering on a roof called me a paranoid little weirdo. In morse code. -Emo Phillips

So, you ARE in debt. You said you have a mortgage, that is debt, right?? My point to the poster was, everyone has some form of debt, it's part of life....gas for your car, insurance for your car, groceries, any time you are shelling out money, that's debt. Taxes are debt. I view debt as any time you have money going OUT. Granted $100K is a LOT of debt, but, maybe her income is high and that amount isn't so bad. Some people even have JUDGEMENTS against them, legally. You just never know, now, do you???

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Doing the right thing isn't always the same as doing the easy thing.

No, I am not in debt. Net worth is well, well on the positive side. Not sure why you choose to argue with me about my personal situation that you know nothign about, but whatever....

cj/

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I was walking home one night and a guy hammering on a roof called me a paranoid little weirdo. In morse code. -Emo Phillips

The question was not "what is your net worth" the question was "how much is your credit card debt". Furthermore, I was not even replying to you, so, perhaps it is YOU who chooses to argue. Seems you like to pick at certain posters on here. Slow day at the office???

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Doing the right thing isn't always the same as doing the easy thing.

That's got to be one of the dumber things I've ever heard/read. This is an internet forum and we all have the right to reply and comment on whatever we want. If you want a private conversation, there are other avenues for that.

But in any event, when you say:

You are talking ABOUT me, as I am one of the "they"

And when you say:

You are talking TO and ABOUT me - and you QUOTED me.

As far as picking on people, if the shoe fits, wear it.

cj/

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I was walking home one night and a guy hammering on a roof called me a paranoid little weirdo. In morse code. -Emo Phillips

Original question:

"What is your total credit card debt?"

lol Cuthie.

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SPJRNTGADL!

Yeehaw!

Hey, I was hired to stir up the pot to generate more web traffic for MyCoupons....I find easy targets and pick on them. That's my job. Keeps me out of debt!! And I can't help it if Alli N. August went off subject about non-credit card debt....can I?

cj/

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I was walking home one night and a guy hammering on a roof called me a paranoid little weirdo. In morse code. -Emo Phillips

Zero! Just recently paid them all off. Only owe on my house! :-)

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If you're not living on the edge, you're wasting space.

CONGRATS TO YOU!!! GOOD JOB!

Yes! Way to go!!! That must feel really good.

We owe on our home and car and that's about it.

Home we consider an investment... car, well... LOL.

The use of average CC debt iin this article s somewhat misleading because the reality is that the distribution is similar to what the poll here shows - many with no CC debt and a population with huge CC debt. A LARGE number of people are overdosing on debt. The average American, though, seems to be doing OK.

Credit card debt is insidious. Please don't confuse it with traditional home mortgages or vehicle loans or other monthly bills (unless those are being charged as well )

ABC News: Americans Slammed by Credit Card Debt

For all their convenience, credit cards can cause a lot of damage: Most Americans have credit card debt, and the average American owes more than $9,000 to credit card companies. Americans often are drawn into such a dilemma by tantalizing solicitations. Promises of low interest rates and low monthly payments will pop on to the computer screen or arrive in the mail.

Experts say that people's perceptions of their own financial situations are changing. Home ownership seems to be the benchmark for financial security. Owning a home that is appreciating in value may cause some people to think they can take on other forms of debt.

People seem to be using their credit cards to make everyday purchases like groceries. Although it might seem benign, these items help build debt.

"They're not necessarily buying the newest, smallest iPod; or going on the family trip to the Grand Canyon -- although that certainly happens," said financial counselor Ellen McGirt.

"They're spending it for things like utilities and groceries and medical bills," she added. "And that's what really worries most experts. Because that ultimately becomes the point at which people's debt becomes out of control."

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I was walking home one night and a guy hammering on a roof called me a paranoid little weirdo. In morse code. -Emo Phillips

Approx. $6,000.00. As of next month, it will be around $5,000.00.

We are in the process of paying all of our cards off.

Odd thing though - even though we do have credit card debt, Chase wanted to increase the APR of DH's credit card (the one with the highest balance) from 8.9% to 23.99% because they claimed we don't use our credit cards enough and do not have enough debt. Thus, we are high risk. (???)

So the credit card companies actually WANT you to max your cards out and claim bankruptcy when you cannot afford to pay them?? Sometimes, things just do not make sense.

A phone call and a threat to cancel the card locked him into the 8.9% APR (and this was originally supposed to be a fixed rate, not a promotional rate or anything) permanently, and he should not have any problems with that car providing he is not late with any payments (never has been late...).

I have also heard of them raising the rate if you are late on ANY of your bills (electric, car payment, gas bill, phone bill) But, how would they know if it wasn't reported to a credit reporting agency?

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Doing the right thing isn't always the same as doing the easy thing.

Flipper, can you post the card company for the no interest credit card? Maybe it could help some folks get these bills paid off if they could transfer balances to a no interest credit card.

Just a thought!