3 Things You Should Know About Your Credit Cards

3 things you should know about your credit cards

Sumary of 3 Things You Should Know About Your Credit Cards:

  • Credit cards tend to get a bad rap, as they can lead some people to overspend and land in debt.
  • But when used responsibly, credit cards are a useful financial tool.
  • Not only can they help you build credit, but they can also put cash in your pocket for buying the things you need and want.
  • If you’re going to use credit cards, it’s important to understand the details of how yours work.
  • Here are a few things you should know about every credit card in your wallet.
  • Sign up now for free access to our Personal Finance Boot Camp.
  • 1. Your interest rateYou might assume that you’ll pay your credit card balance in full each month and avoid racking up interest charges.
  • But sometimes, credit card debt is unavoidable, such as when emergency expenses strike and you don’t have the money in a savings account to cover your costs.

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