Low minimum payment schedules and steep charges. All have contributed to the financial predicament affecting far too many consumers. Little wonder credit card debt is an important factor behind today's record bankruptcy filings. Of course, there have been a lot of benefits from the spread of plastic. Credit cards are convenient You can use them at practically any retail store, including most neighborhood-grocery stores and corner dry cleaners.
Credit cards make record keeping easy.
For some transactions, such as renting a car or booking a long family vacation, a credit card is practically a necessity. In today's economy that means don't run up credit card debt. No matter how tempting, and sometimes the lure is strong, credit cards shouldn't be used to spend more than you make. The bill should be paid off monthly. The good news behind all those solicitations is that the competition for your business is intense in the credit-card industry.