Will I be able to claim all the money back I paid and how does the 1098-T work?

Congratulations and good for you. Your credit card issuer still likes you because you have a good payment history and you pay them interest. Having a good credit score is important. The next level you should strive for is keeping a top credit score and paying your credit card bill in full each month. Your credit card issuer will not like you so much when this happens, but you will be saving money for your own use that you had previously been handing over to the credit card issuer. You will be borrowing money for short terms at zero cost to you, but there will be a cost to the credit card issuer. You will be taking advantage of them, instead of the other way around as is the current situation.

2 Likes