Extra Money Natural Living One Income Families Weddings Financial planners and consultants may tell you it is best to cut up all but one of your credit cards, and to hide that one card somewhere fairly inaccessible and use it only for emergencies. This approach may be the only option for those who can't discipline themselves enough to be financially responsible. But that's not what I mean when I say a credit card helps to earn the holder money. ASAP, you begin to accumulate interest owed, which costs you more money. The interest is the cost the borrower incurs for the use of the mortgage company's money.
Credit cards work the same way.
Lots of it. You must pay the credit card company for the use of their money, and they charge you a lot in interest, late fees and annual fees. Responsible credit card use means using your one card as a charge card. Let us say the credit card period starts on the first of the month. My money sits in my account until I get the Visa bill about a month later.