How to use a credit card correctly
Credit cards offer valuable opportunities to build credit while earning rewards. However, if not used responsibly, they can lead to a snowball of debt. The best way to use a credit card is to avoid paying interest by paying the bill on time each month. Cardholders generally prefer to avoid paying interest whenever possible, but there are several important steps to take when it comes to how to use a credit card correctly. How to use a credit card correctly When you use a credit card you are borrowing money. A credit card does not increase the amount of money…