Congratulations the Zero Balance Card is right for you!
Some people are able to manage their credit cards and use them as a tool for making big purchases or to avoid carrying cash.
For people that work their credit card companies this way...excellent work! These people never get charged any interest. They almost beat the system.
Most banking institutions or stores that offer credit cards buy this right off of a credit card merchant. Each time that a credit card is used the merchant charges a fee to the bank or store. This means that the banking institution charges an amount to pay the credit card merchant and enough to make sure they make a profit.1
If someone uses their credit card and never pays any interest then this means that someone else has to pay for the merchant fees and the bank profit. In the end, those that don't have the money to pay off their credit card pay more interest.
Some could say..."The rich get richer and the poor get _ _ _ _ _ _.
1. Interview by Silja J.A. Talvi, "Our Addiction to Credit: Credit Card Nation author Robert D. Manning on the real social cost of paying with plastic.", Lip Magazine, Sept. 23, 2001
PBS's The Secret History of the Credit Card: The industry's most profitable customers, the ones being sought by creative marketing tactics, are the "revolvers:" the estimated 115 million Americans who carry monthly credit card debt. Today, the average family owes roughly $8,000 on their credit cards. This debt has helped generate record profits for the credit card industry -- last year, more than $30 billion before taxes.
http://www.pbs.org/wgbh/pages/frontline/shows/credit/etc/
synopsis.html
Excerpt: The creation of our economic systems is political. Our present banking system, the power given to those that create and control money, is a result of political decisions. Our present economic system is not a natural system: it is a system that was created to serve those that created it.
http://www.gold-eagle.com/gold_digest_99/kutyn071099.html
Excerpt: This paper examines the issues surrounding the prospect of a "cashless society" and the possible alternative of digital cash. http://www.sfasu.edu/finance/FINCASH.HTM