It can be hard to sort through all the mass of credit card offers that come in the mail. What should you supposed to do? The information contained here will help you understand everything you need to know about those cards.
You know that paying your credit card bill late will incur a penalty, but you should remember that there is a penalty for running your balance over your credit limit, too. Incurring debts beyond your credit limit can have negative repercussions on your credit score as well as expose you to expensive penalty fees. Watch carefully, and do not go over your credit limit.
Don’t use cards to buy items you cannot afford. It is acceptable to use your credit to make purchases that you will be able to pay off later, but anything you are not sure about should be avoided.… Read the rest