Mar 2, 2007

Using Credit Wisely

Finding the best credit cards can be a daunting task, especially when you have bad credit, or no credit. It is also easy to abuse credit cards by maxing them out, owning too many, or carrying high interest rates. It can be tempting to accept offers for 0% balance transfers, however, unless you can pay off the balance in the allotted amount of time, you may be stuck with a higher interest rate than you started out with.

If you do decide to take the plunge and apply for credit, it is important to compare credit cards; this way you ensure you are getting the very best deal. For instance, it may be tempting to apply for cash back credit cards, but a few dollars back in cash each month is not worth hundreds of dollars more each year in interest charges.

*This is a sponsored post.


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Adam Morais said...

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