Question by : Credit card?
I’m getting a credit card soon and I don’t know anything about them. Please tell me all you know about credit cards, how they work, which has brought you the best of luck, your experiences. I’m really nervous about it.
Serious anwers please.
Answer by BosCFA
A credit card can be a really good thing to have, or it can be a nightmare. Try to find one that charges no annual fee and that gives you some kind of reward…airline miles, cash back, something. Then…and listen closely…PAY IT OFF IN FULL EVERY MONTH!! You do that, no problem. you start missing payments, then you can quickly get in over your head.
They may occassionally send you the most boring looking documents you have ever seen in the mail. Read them. The credit cards can change the terms of your agreement, and these boring looking notices are the only way they tell you. If you use the card after theyhave sent out the change of terms, you have accepted the new terms.
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