Credit Cards 101

Credit cards can be a benefit or a disaster for the average American. First assess your personality to see if you are right for a credit card. Do you like to spend more then you make? Do you have an addictive personality? Do you have a steady job to pay for what you spend? If you answered yes to any of these questions, DO NOT get a credit card. Look for a debit card or carry cash. If you then do decide to get a credit card, look around first. Find a low interest, low or no fee card and look for any fine print that may apply to you (such as late fees). Apply for only one card that you want, since that is all you really need, spend only what you can afford and pay you bill on time each month and your credit card can help you instead of putting you into deep debt.