Monday, October 29, 2007

Credit Cards

There are so many websites advertising credit cards with facilities to compare credit cards and all companies seem to claim to have the lowest rate. There are so many different types of credit cards available, such as cash back credit cards and balance transfer credit cards. It seems really easy to get credit cards and everyone seems to have at least one. I found that the most sensible thing to do with credit cards is to use interest free ones and then pay them off before the interest starts being charged or to pay them off on a monthly basis so you end up paying no interest. I am not against credit cards but I think that a lot of care needs to be taken when using them.

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