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    For those with an offset account, do you use your credit card all the time?

    It's a fancy gadget. It'll help only if you understand how to use it. Yes, if you change from PPOR to IP down the line (especially if you do it much later on, when the loan is close to being fully offset) an offset is much better. I'd suggest actually working out how you're going to use...
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    For those with an offset account, do you use your credit card all the time?

    Not at all. Forget about using it. The day to day advantages are small, though there is a big difference if you turn the PPOR into an IP down the track, but there are also lots of pitfalls. If you can't control it or don't use it properly, it'll cost you much more. Just stick to paying off...
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    For those with an offset account, do you use your credit card all the time?

    Scenario one: you start with a 300k loan, and over a year you pay down the loan to 280k. Scenario two: you start with a 300k loan, and at the end of the year you have a 300k loan and 20k in the offset. Do you understand whether the interest payable is different for each scenario? If not...
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    For those with an offset account, do you use your credit card all the time?

    Yes, that's true. The advantage of doing it is you keep money in the offset for longer, and pick up a few points by using the card. However, if you don't have the discipline to control it, it can end up costing you more. If it works better for you not to use the card, don't.
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    For those with an offset account, do you use your credit card all the time?

    What exactly do you think is wrong with doing it this way?
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