May 26, 2010 1:10am CST
Previously I've posted about credit cards question why is it quite difficult to obtain one. Now suddenly I got 3 credit cards approved. Now what on earth should I do with it? Any I ideas or tips to managing expenses using credit cards?
26 May 10
You need to be very careful with them. I use credit cards only for emergency purposes. I try not to use them at all. The interest rate is really high. Once you get into debt, it can become very difficult to get out of it. My advice will be, keep them for when you need it. Use them only when it is absolutely necessary.
26 May 10
BE VERY CAREFUL !!! Do NOT only pay the minimum amount on your cards , I would just use one if I could and keep the others away for a 'rainy day' It is SO very easy to get into serious debt with credit cards - they make it so easy for you to get everything you want NOW. Use your card to make your payments before payday and then repay it all when you get paid, the interest charge is sky high on them .