subject: What are the worst ways to use your credit card? [print this page] Mindlessly buying stuff you want that you couldve paid for with cash if only you would have waited and then not paying your balance in full thereby allowing interest to build up what you owe and you wind up paying nearly double for what you bought in the first place!
Grocery shopping, gas, and dining out are the worst things to put on a credit card. These things add up quickly and this debt is very easy to avoid. Save the credit card for big purchases that you can't pay for full price.
impulsively lol you should always make sure you know what you are using it on and make sure you can pay off the bill before the billing cycle so you wont get charged interest.
Best advice, do not use credit cards for daily living expensens ... i.e. gas, groceries, paying utilities, etc., unless absolutely dire and necessary. I lost my job a few months ago ... lived 6 months off of credit cards ... score went way down ... got new job ... paid those puppies off ... use them only when necessary ... credit cards are to build credit history for big-ticket items like HOMES and cars
think buying groceries, gas, and other essentials on your credit card are perfectly fine...as long as you pay your bill every month on time so that you are not charged any interest or penalties.
The worst thing to do with a credit card is to let your debt grow and grow. The interest rates on credit cards are usually very high, so you could be doing much better with other types of debt. If you can, pay off your credit card every month and only buy things you can currently afford
Mindlessly buying stuff you want that you couldve paid for with cash if only you would have waited and then not paying your balance in full thereby allowing interest to build up what you owe and you wind up paying nearly double for what you bought in the first place!
Grocery shopping, gas, and dining out are the worst things to put on a credit card. These things add up quickly and this debt is very easy to avoid. Save the credit card for big purchases that you can't pay for full price.
impulsively lol you should always make sure you know what you are using it on and make sure you can pay off the bill before the billing cycle so you wont get charged interest.
Best advice, do not use credit cards for daily living expensens ... i.e. gas, groceries, paying utilities, etc., unless absolutely dire and necessary. I lost my job a few months ago ... lived 6 months off of credit cards ... score went way down ... got new job ... paid those puppies off ... use them only when necessary ... credit cards are to build credit history for big-ticket items like HOMES and cars
think buying groceries, gas, and other essentials on your credit card are perfectly fine...as long as you pay your bill every month on time so that you are not charged any interest or penalties.
The worst thing to do with a credit card is to let your debt grow and grow. The interest rates on credit cards are usually very high, so you could be doing much better with other types of debt. If you can, pay off your credit card every month and only buy things you can currently afford
