Getting a credit card (continue…)
July 1, 2008 – 8:16 pm
The best way to protect your credit score when dealing with credit cards is to monitor you spending. There is a way you can get an interest free credit card and that is to pay off your charges in full when you get your credit card bill. By doing this your bill is paid off before your credit card company can add interest charges. That is the way credit card companies make their money. They count on you not being able to pay your bill in full.
Credit cards can be a good thing when used properly. However when you get a credit card and go on a shopping spree that credit card can be your worse nightmare. You will be charged for everything in the book if your payment is even one day late. The only way you can have a credit card and not get into trouble is to pay it off every month and only use it in extreme emergencies.