Sharing Daily Discoveries About Personal Finance And Business Topics

Nothing Too Small For A Credit Card

Today while doing some shopping I saw some good deals for potential Christmas gifts such as various kids toys that would originally cost about $30 but was marked down to a single digit range. As well, I saw some grocery items that were on sale for like 50 cents when it would normally cost a dollar on average.

For things like the grocery items, there wasn’t anything else that I was interested in getting from that particular store and so the bill came out to about $3 only. In these cases though, what I noticed is that many times people think that is too little to use a credit card on and so as a result they either buy more things to rack up the bill to make the purchase feel more qualified or they simply pay in cash.

I’m personally an advocate in always trying to use the credit card as much as possible. As long as you use it responsibly, it’s a great way to make money as you can rack up on rewards and cash back options. I eventually got over the awkwardness on using it for small purchases as when I thought about it, the main people who thought it was a dumb idea and would ridicule others for doing so were usually the same people that seemed to never have any money left at the end of the day. Every little thing does add up.

Comments to Nothing Too Small For A Credit Card

  • It would nice if there was chip and pin in Canada. Then it would be as easy as Debit is. Signing the bit of paper has always been a bit of a pain.

    I was surprised three years ago when I got my first Canadian card to see it was old fashioned – i.e. had no chip embedded in it. Personally I prefer Debit to even using a Credit card responsibly. With Debit, I know there is no ‘extra effort’ – that is remembering to pay the card off when I get a bill. With Debit when its’s done, it’s done. For me the simplicity of that is far more preferable.

    Stewart Marshall 10/19/2008 11:05 pm
  • I think those chip credit cards were supposed to be introduced in the near future here. I remember seeing them on the news all the time where people can simply just scan their card at the terminal and that would be the end of it.

    Might take awhile though as I guess merchants need to update their terminals too.

    Alan Yu 10/20/2008 11:11 am
  • I have a Royal Bank Visa with a chip and pin. It works great and you don’t have to sign. I would say 80% of terminals have the chip reader.

    Athene Paroupoloulis 10/21/2008 9:08 am

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