Truth be told, there’s not really any such thing as a good credit card. There are some credit card deals that will save you some money versus others, though. It’s very easy to find credit cards convenient and even to find them indispensable. This is especially true if you get your new card and it doesn’t have any balance on it just yet. Do you think, “Hooray, now I can do some shopping”? And do you put consumable purchases such as gas on it, too?
Point being, credit cards are very easy to use, maybe too easy to use. More often than not, this can mean you spend more than you should. Then when you get the bill, the balance is too high, so you simply make the minimum payment and nothing more.
Of course if the balance is too high today, then the balance will be too high tomorrow, especially when you continue spending. As a result of which you find yourself on the slippery road into debt.
Many of us find ourselves in this situation today, wondering just how we got our credit card balance run up so much. In addition, if your card has a high interest rate, your debt grows and grows and grows with no end in sight.
If you’ve made late payments, then your debt becomes even worse. That’s why it’s so important that you understand credit card deals you get sent every day, so that you can choose one that’s okay for you to use. For this, you need to read that fine print and figure out the terms and conditions for the card.
The devil is in those details, and that devil loves credit cards. This is why credit cards are so bad for you.
That said, if you have credit card debt and you want to get rid of them, you’ll need to find the best credit card deal you can so that you can transfer your balances to lower interest credit cards and then pay them off as fast as possible.
To conclude credit cards are bad, so learn from your mistakes, get the best deal you can so that you can get out of debt today, because the only good credit card is the one you don’t use.
Author: Benjamin WiseThis author has published 10 articles so far.