I think the Midwest and my Dad rubbed off on me.

Okay...so my wild youth I let me credit card balance build and build by age 26 I went on the mission to pay the cards off in full every month.

That carried on to the business too but it still hurts when I get a Dell invoice for $45,000 at a time. Yes, as an ex accountant and MBA, I could get away with taking those purchases "over time" but something about knowing that at the end of the month owned and next month you don't need to worry about it.

The cards with the reward programs help though.
If I only had time to use the points... <sad face>

If you are starting out it is okay to carry a balance.
But always make sure you pay it off quickly. Even at the lower interest rate the cost of capital will begin to reduce your profits. And before you know it you have a $100,000 balance and your business drops off.

Credit is good..and evil.
Just knowing when to use it and to pay it off requires a lot of discipline and sometimes a lot of cocktails to get through the sticker shock.

Happy New Year!

Steven