subject: A Brief Comparison Of Various Credit Cards [print this page] Its a pretty viral thing to have to owe money to some invisible debtor in the dark. Credit cards arent free handouts.
Theyre like an IOU to the government for money that you dont have at hand but cash you intend to dish out at the end of the month. The more you use it, the more youre in jeopardy of ruining your credit score if things dont turn out the way you planned. In such condition its important for you to realize that you must choose the right card which suits according to your needs.
Most cards have an interest rate that you wouldnt believe. While the credit limits range anywhere from $250 to $10 000, being able to pay that back, plus interest, is a hard thing to do if you arent being paid for a job you dont mind working time and a half for. Juggling the bill and the interest rate, ranging anywhere from 9.9% to 15% and still rising, can be a deterrent in getting a credit card, but the truth is, its one of the easiest ways to boost your credit score --provided you pay up when the bill rolls around. Yes, its a bit of a hassle and a tad bit on the expensive side of things, but youll be doing yourself a favour in the end if you just stick to your payment plan and get things paid on time.
Decision Time
Remember those amazing shoes? Its wonderful to have the things you want in life, but you have to ask yourself, is it the solution? Am I going to pay this money back in 30 days? In 10 days? Its true, owning it can be the biggest temptation you ever face. But its your money and its all your decision to choose the best credit card for you.
