Pick a Card, Any Card, but Choose Wisely

Friday, December 4, 2009

"Congratulations. You've been approved for a major credit card." How many times have you heard this offer? Having a credit card can be extremely valuable for those times when you don't want to carry cash, or you need a credit card to make a reservation. In order to be sure that you don't get in over your head, you need to compare credit cards, and find the card that suits your needs.

There are different types of credit cards for various purposes including; business, personal, reward, airline, student, and gas cards. If you tend to forget that credit cards represent actual money owed, you might do well with a prepaid debit card. This will prevent you from being able to spend money you don't have. If you generally prefer to pay cash, but enjoy the convenience of paying at the pump at the gas station, you may opt for the gas card which makes those trips to the gas station much easier when you don't have to get the kids out of the car.

In order to select the best credit cards for your needs, make sure you're fully informed of all the details of specific cards. Be sure to read the fine print and understand what interest rates you'll be paying, and what will happen if you fail to make a payment on time. Having a credit card can be a tremendous convenience when used wisely. They may also offer additional bonuses such as cash back and rewards. Please use credit cards responsibly!

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