Credit cards can certainly be a useful financial tool, but as many people have found to their detriment, it is also far too easy to get into trouble with them. As the interest mounts up, it then becomes harder and harder to pay off the balance, and before long they are wondering how on earth they are going to get rid of this debt. So here are my top 8 tips for using those cards sensibly.
1. One or Two Will do
Resist the temptation to apply for too many cards. You’re not trying to collect an entire pack! Just because a credit card company offers you a card, does not mean that you have to accept it. Be especially wary of applying for a new card to pay off others – only do this if you can move the balance to a card offering a cheaper rate.