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I am not an advocate of credit cards, nor am I rallying against them. Instead, I am an advocate of being smart about credit cards. They are incredibly useful, offer a ton of benefits, and can help greatly in establishing a credit history. On the other hand, more and more people are getting themselves mired in credit card debt, and it is no help to your credit history if you don't pay on time or end up in default! The purpose of this website is to help you get credit card smart

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Be smart about credit cards

* Promise to pay off your balance each month. The interest you pay on any balance you carry will wipe out any benefits to using credit cards. You say you have a 0% balance... well it isn't going to last forever! You are allowed to carry a balance with 0% interest only if you definetly be able to pay your account off

* Make an entry in your check register for each credit card purchase that you make and subtract it from your balance (Also make a record of the check you use to pay off the credit card bill, but don't factor it into your balance). That way you won't spend more money than you can pay off and it will seem more real and less like play money :)

 

• Try to never carry a credit card balance and pay of the entire balance each month. The money to pay the credit card balance should be available from your money savings.

• Besides earning benefits, handled correctly, gain 25 days use of your money that are generating interest.

• Limit the number of credit cards, 2-4 cards ought to be enough. Select your cards with the features you need, credit card rebates or credit card rewards are one factor, no annual fee, low interest, low intro apr could be others. Do compare to find the best credit card offers online. Many online resources are available for finding the best offers suited for your needs. Use your credit card for all budgeted essentials such as rent, utilities, and groceries, etc. and get rewarded for your use.

• Take use, but take charge, of your use of reward credit card: earn reward benefits such as airline miles, auto points, etc but do also build your credit rating by paying large balances each month.