TIP! Minimum payments are designed to maximize the credit card company’s profit off of your debt in the long run. Always pay more than just the minimum amount required. While there will always be a need for some physical cash in your wallet, credit cards are the future of money exchange. As banks raise fees […]

TIP! Learn how closing the account associated with your credit card will affect you before you shut it down. Often, closing out a credit card accounts will adversely effect your credit rating. Although cash will always be necessary, money will often change hands through the use of credit cards in the future. As banks are […]

TIP! Never use a credit card for purchases that are beyond your means. If it is something that is going to cause you financial difficulty, you are better off avoiding the purchase. By using a credit card, it is possible to improve credit scores and manage finances. Understanding the terms of each card is key, […]

TIP! Retail credit card accounts should only be opened at stores that you will be shopping in quite frequently. Whenever retail stores put inquiries on your own credit to see if you qualify for that card, it’s recorded on your report whether you get one or not. It can be hard to sort through all […]

TIP! If an item truly costs more than you have to spend, don’t use a credit card to buy it. While it’s suitable to pay for an item that you can afford to pay for later, don’t buy something that’s seriously out of reach. It’s always handy to carry a little cash, but more and […]