You are not logged in. Your edit will be placed in a queue until it is peer reviewed.
We welcome edits that make the post easier to understand and more valuable for readers. Because community members review edits, please try to make the post substantially better than how you found it, for example, by fixing grammar or adding additional resources and hyperlinks.
-
15With respect to your listed interests, all of these options are the same– DanielCommented Apr 25, 2021 at 23:04
-
3I put everything on my credit card and just pay it off every Friday. I get all the points, and my credit score is above 800.– Ron MaupinCommented Apr 26, 2021 at 20:57
-
1Your options specify transferring money from savings. Note that savings and money market accounts have a limit of 6 transactions per statement cycle*, so options A & B will lead to penalties or account closures on your banking side. *note:these limits are currently suspended on account of COVID– theholeCommented Apr 27, 2021 at 3:41
-
@Daniel how are they the same? Savings accounts earn interest, so if you use it to pay bills then you lose out on the interest. Assuming you buy something on the 1st if you pay it off on the 31st you get 30 extra days of interest than you otherwise would've.– AequitasCommented Apr 28, 2021 at 0:53
-
1@Aequitas maximizing the number of pennies in their account was not listed as one of OP's goals. Yes, it's true that holding on to money as long as possible is strictly better than not. But also OP would have to be spending somewhere around $100,000/month on the credit card for 30 days' worth of interest in the savings account to be something not completely trivial.– DanielCommented Apr 28, 2021 at 10:29
|
Show 1 more comment
How to Edit
- Correct minor typos or mistakes
- Clarify meaning without changing it
- Add related resources or links
- Always respect the author’s intent
- Don’t use edits to reply to the author
How to Format
-
create code fences with backticks ` or tildes ~
```
like so
``` -
add language identifier to highlight code
```python
def function(foo):
print(foo)
``` - put returns between paragraphs
- for linebreak add 2 spaces at end
- _italic_ or **bold**
- quote by placing > at start of line
- to make links (use https whenever possible)
<https://example.com>
[example](https://example.com)
<a href="https://example.com">example</a>
How to Tag
A tag is a keyword or label that categorizes your question with other, similar questions. Choose one or more (up to 5) tags that will help answerers to find and interpret your question.
- complete the sentence: my question is about...
- use tags that describe things or concepts that are essential, not incidental to your question
- favor using existing popular tags
- read the descriptions that appear below the tag
If your question is primarily about a topic for which you can't find a tag:
- combine multiple words into single-words with hyphens (e.g. united-states), up to a maximum of 35 characters
- creating new tags is a privilege; if you can't yet create a tag you need, then post this question without it, then ask the community to create it for you