There is a psychological effect when spending money with credit cards. Spending physical cash hurts one the most, then debit cards, and credit cards cause the least hurt. It is very easy to overspend with credit cards, and leave the tab for future you to worry about.
Depending on how susceptible you are to such psychological tricks (and cashback is also a trick to make you spend more or hook you to the brand -- it is only offered because it is EV profitable to the bank), your advice may be neutralized or net negative for a large part of the population that lacks your strong self-discipline. One late fee and you wipe out all your profits (and your credit score).
Smart and risk-free to only spend what you've got ("pay as you go"), besides you help avoid a national credit crunch.
> Debt robs a man of his self-respect, and makes him almost despise himself. Grunting and groaning and working for what he has eaten up or worn out, and now when he is called upon to pay up, he has nothing to show for his money; this is properly termed “working for a dead horse.”
> It is all very well to say, “I have got trusted for sixty days, and if I don't have the money the creditor will think nothing about it.” There is no class of people in the world, who have such good memories as creditors. When the sixty days run out, you will have to pay. If you do not pay, you will break your promise, and probably resort to a falsehood. You may make some excuse or get in debt elsewhere to pay it, but that only involves you the deeper.
Depending on how susceptible you are to such psychological tricks (and cashback is also a trick to make you spend more or hook you to the brand -- it is only offered because it is EV profitable to the bank), your advice may be neutralized or net negative for a large part of the population that lacks your strong self-discipline. One late fee and you wipe out all your profits (and your credit score).
Smart and risk-free to only spend what you've got ("pay as you go"), besides you help avoid a national credit crunch.
> Debt robs a man of his self-respect, and makes him almost despise himself. Grunting and groaning and working for what he has eaten up or worn out, and now when he is called upon to pay up, he has nothing to show for his money; this is properly termed “working for a dead horse.”
> It is all very well to say, “I have got trusted for sixty days, and if I don't have the money the creditor will think nothing about it.” There is no class of people in the world, who have such good memories as creditors. When the sixty days run out, you will have to pay. If you do not pay, you will break your promise, and probably resort to a falsehood. You may make some excuse or get in debt elsewhere to pay it, but that only involves you the deeper.