Apr
26
Spending money via credit cards!
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Credit cards are a boon now days and you do really need them for almost anything but here are a few you should definitely avoid to prevent getting into debt.
Credit cards with high interest rates are a definite no-no! Avoid any such cards with nonsensical fees like account set-up fees, program fees, participation fees, fees for additional cards, as well as for fees for credit limit increases. With such cards you will be paying up to 50% of your credit cards on the interest rates alone.
choose credit cards which do report your credit history to the credit bureaus. If not then you really won’t be able to get a good credit history with your regular credit card payments
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