I've followed TPG's 10 credit card commandments, but there's an exception to one of them: "Thou shalt pay thy balance in full." That's a rule to live by. Otherwise, carrying a balance month to month accrues interest charges, which can become burdensome. It also negates any rewards earned, as the interest charges are substantially more than any rewards or cash back you earn.
The exception to the first commandment is when an unexpected large purchase or an emergency occurs that requires you to spend several thousand dollars that you would not have spent otherwise. Rather than accruing interest, consider keeping a balance transfer credit card in your wallet.
I've certainly found myself in several situations over the last decade where a balance transfer card helped me pay a large balance over time. Let's talk about why it's beneficial to keep a balance transfer credit card in your wallet.
A great solo travel tip spotted this week on The Points Guy Articles.
