Thursday, April 21, 2011

Being Smart About Credit Cards

Hey there. If you have a TV or a radio then you've heard many commercials to help build or repair your credit. Many of us have struggled with credit card debt. Especially when many of us were forced to use credit cards during the recession.  I'm not saying that we shouldn't use them, I'm just saying that we should be a little more smart about it.

One great way to know whether or not a credit card is a good one is to check out some credit card reviews.  This is an effective way to read up and get comfortable with the credit card.  Are consumers happy with the service?  Are the rates too high?  No grace periods?  Low balance?  Reward points?  You can get all of that answered by reading a few reviews and see if consumers are happy.  Happy customers usually means that it's a fair card.

Another thing you can do is check out the finance boards.  This is most effective when you do not have a particular card in mind.  The finance boards can have a wide range of topics and it can be overwhelming at first, but after reading a few topics, you'll be able to narrow your search and find what you're looking for.  Especially when many customers can pitch in and provide their 2 cents on a credit card that they own. 

Chase credit cards, Citi credit cards, any credit cards.  If you do a little homework before you apply, you are more than likely to know whether or not you really can afford to have a credit card.  Interest rates, grace periods, and whether or not they have reward points may play a factor in your decision but always remember that in the end, the debt will need to be paid and all the points in the world cannot pay it off.  Stay smart and good luck!  Later!

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