betterdeadthanreddit comments on If you can't afford to pay off your credit card Ballance, pay yourself the amount on Cashapp or Venmo, instant withdraw then pay off balance.

If you can't afford to pay off your credit card Ballance, pay yourself the amount on Cashapp or Venmo, instant withdraw then pay off balance. (lemmy.world)

submitted 1 year ago by Sackeshi@lemmy.world to c/lifeprotips@lemmy.world

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If you don't pay off your monthly credit card statement in full you will have to pay 25% interest until its paid off, not fun. So instead as a fail safe, I created 2 cashapp accounts, 1 attacked to my checking account for my bank, and 1 attached to my credit card.

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[–] betterdeadthanreddit@lemmy.world 9 points 1 year ago (2 children)

If your house is beginning to burn, start another fire in a different part of the house so the original fire can't get it. Genius!

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[+] Sackeshi@lemmy.world [S] -8 points 1 year ago (1 child)

Do you know what cashapp or venmo is? You aren't opening another credit card, you are transferring money to your bank account and then quickly paying off your balance resulting in the same amount owed with another month to pay it.

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[–] betterdeadthanreddit@lemmy.world 6 points 1 year ago

Yes, I know what they are.

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