Most people assume that owning a credit card means that you'll be swarmed in debt but this is not always true. Let's explore the reasons why.
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Writer, artist, Accountant and a forever learner. Learning, loving, Hoping.
These Ideas show how to enjoy the rewards that come with using a credit card while also avoiding the threat of drowning in debt.
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Similar ideas to How to Avoid Piling Credit card Debts
The trickiest form of debt, which is literally bleeding our finances, is the credit card debt. Make sure you know what the interest rate being charged is. Know that a 2% interest rate per month is actually 24% per annum.
If you stay out of debt by paying the total due on t...
Most people should not be paying annual credit card fees.
A host of Visa, MasterCard and Discover cards have no annual fee, yet many people pay $100 or more a year for the privilege of holding a premium credit card.
Carrying credit card debt is a great way to negatively compound your net worth. But credit itself is important.
Likely the biggest expense over your lifetime will be interest costs on your mortgage, car loans, student loans, etc. Having a solid credit score can save you tens of tho...
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