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My accountant laughed at my credit card strategy, then showed me the numbers
Three years ago I was using personal cards for business expenses. Got 2% cash back. Thought I was smart. My accountant in Denver pulled up a spreadsheet and showed I had $4,700 in interest fees that year. Switched to a business card with a 0% intro period. Now I pay zero interest. Anyone else get tripped up on this stuff?
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jordan_young21d ago
My accountant once looked at my personal credit card setup and just sighed. I had this whole system where I'd pay the minimum and roll the balance over to get a few more days of float. Ended up with $320 in late fees and $1,200 in interest on a $2,000 laptop purchase. The math really humbled me. Zero percent intro cards saved my bacon too.
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brian_ramirez21d ago
Hate that feeling when you realize your "system" was just burning money. Been there with the late fees myself, it's brutal how fast they stack up.
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