Credit cards can be a handy financial tool and an easy way to accumulate and carry unnecessary debt. When properly managed, credit cards can make building credit and covering emergency costs much more manageable. But on the other hand, you can quickly become overwhelmed by your card’s interest rate if you mismanage your debt.
Whether you've had a credit card for many years or are just getting your first card now, there are certain do's and don'ts that everyone can learn from to ensure you are using them responsibly. This week, we're taking a look at some of the best practices of getting and using a credit card as well as what you want to avoid to keep your credit score up. (more…)