Hi Guys,
I know that this question is not directly related to IP's BUT...
For those of you with an offset account for your PPOR, do you use your credit card to pay for everything and then use the 55 interest free days while the money is sitting in your offset account reducing your interest?
I'm going to have a MAV package next month and people around me are trying to convince me that this is the way to do it, live off the credit card. I'm aware that this is very common but somehow it doesn't sit too well with me.
Am I being naive to not follow this way of using the offset?
Thanks
I know that this question is not directly related to IP's BUT...
For those of you with an offset account for your PPOR, do you use your credit card to pay for everything and then use the 55 interest free days while the money is sitting in your offset account reducing your interest?
I'm going to have a MAV package next month and people around me are trying to convince me that this is the way to do it, live off the credit card. I'm aware that this is very common but somehow it doesn't sit too well with me.
Am I being naive to not follow this way of using the offset?
Thanks