CALLER: I put $3,000 worth of monthly expenses on my credit card and pay off in full. I get 2% cash back, so that's $60 back every month.
DAVE RAMSEY: Get rid of the card. You're telling me that you spend $3,000 on a high interest credit card, just to get $60? That's not how you get rich!
CALLER: I don't pay interest, I pay it off every month and get $60.
DAVE RAMSEY: Get rid the card, use debit cards ONLY!
CALLER: So give up the $60 I get back monthly?
DAVE RAMSEY: That's not how you get rich!
In reality, if you are resposible, USE credit cards. It's not just cash back. It's also liability protection.
Every dollar matters.