Charles Payne warns of a collapse in American spending, citing steep declines in restaurant, airline, and lodging purchases. Bank of America data shows credit card spending stagnating as debt hits record highs. Rising interest rates are squeezing consumers.
It takes a pretty high amount of discipline to do correctly, which I’m sure you know (or just an income that dwarfs one’s spending, which I don’t have lol).
I did the optimization move myself, had my bills and such on autopay with the rewards card, always paid it down to zero, it went great.
Years went by and I got sloppier about it, stopped watching as closely because it didn’t seem to need much monitoring. Ended up carrying a balance without realizing it for a while, the interest charges on which wiped out the benefits/rewards I had previously accumulated.
So don’t be like me, either stay disciplined and get some free money or just avoid it and stay outta trouble lol.