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Can You Really Money With Credit Cards?

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Money Talk > Personal Finance

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Adria.John
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Well, the most important thing to be aware of if you have a credit card is the need to always make sure you meet the monthly payment. If you don't, your credit score can be badly affected making it harder to get other types of credit in the future. Not only this, but the credit card companies will charge you a fee for missing the payments - they'll then add this to your balance and charge you interest on it along with everything else.

Loan Expert!
Post Fri Aug 27, 2010 1:11 pm
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btacay
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You are not saving money on credit cards but cutting on your credit cards will. The number one rule with a credit card is to pay off the total balance every month. Never incur interest on a credit card. If you can't do that, cut it up today. Even if you are getting the best credit card rewards around, if you are paying interest each month, you are losing money.

Hope this helps.
Post Tue Sep 14, 2010 4:25 am
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btacay
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Is There Really Money On Credit Cards?  Reply with quote  

The number one rule with a credit card is to pay off the total balance every month. Never incur interest on a credit card.
If you can't do that, cut it up today!
Even if you are getting the best credit card rewards around, if you are paying interest each month, you are losing money.
Post Thu Sep 16, 2010 10:08 am
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CaliChristian
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I totally agree! Any interest you pay on credit cards is money down the drain. If you have some debt though, getting a lower interest rate is ideal so that the money you are paying is going straight toward your total payment instead of toward interest.
Post Thu Sep 16, 2010 10:00 pm
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financegenie
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Well if you want to make money from your Credit Card then you do have to commit all your bank rules and didn't make any late fee of your credit payment it will defiantly helpful to all the people those who want to make money from credit card.
Post Thu Sep 30, 2010 1:09 pm
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btacay
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Facts About Credit Cards  Reply with quote  

The number one rule with a credit card is to pay off the total balance every month. Never incur interest on a credit card. If you can't do that, cut it up today. Even if you are getting the best credit card rewards around, if you are paying interest each month, you are losing money. Cutting on your credit cards will save you a lot of money.
Post Sun Oct 03, 2010 9:36 pm
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mukeshkkashyap
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I think the best way may be by doing this early while you don't have many CC"s and the offers are rolling in.
Post Thu Oct 07, 2010 7:02 am
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