General Discussions

My advice and im almost 50....stay the F<>?K away from credit cards,its a vicious never ending circle of despair not meant to ever let go once they have their slimy mits on you.............

This.

if you are a responsible person a credit card could be a wonderful thing for you, dont fear the card fear yourself.

anyway i recommend visa, been with them for 12 years now without any issues.

Don't blame the card for the actions of the card holder.

My advice of using credit card, been using it since high school with my mother as the cosigner. It reduced the need for me to have large sum of cash in my wallet for large purchases.

1. Never go over your credit limit.

2. Budget your monthly expenses and refrain from spontaneous purchase. I evaluate how much I make per month and how much I've spent on a weekly basis for all my credit card purchase decisions. If I've spend over my desired amount, I wait till next month to make the purchase. AWLAYS make sure you save atleast 15-25% of your income in your savings account every month for rainy days.

3. Always full pay your statement balance ON TIME. Unless you want to join the people in debt.

Following the above three rules will most likely keep you out of debt and build your credit score up for important life events in the future. I.E. Mortgage on your first house, business loan on your first business, etc.



[Edited by lrock48, 5/20/2013 6:37:06 PM]

I actually dont have any credit cards......thankfully


Any more........and i am much happier now,I never had any problem while i had them,i was making tons of money at the time,its just that the interest at the time was killing me

[Edited by deeppurple, 5/20/2013 8:49:36 PM]
I just dont like owing......

[Edited by deeppurple, 5/20/2013 8:54:12 PM]

Yes, that is why I suggest to spend within your means and pay off you balance completely every month. On all the credit card that I have(3) I've never had to pay any fees or interests.

Also, NEVER take out cash from ATM with your credit card.