http://www.therandomforest.com/2008/05/26/carefully-pick-a-new-credit-card/ Just another WordPress weblog Sat, 22 Nov 2008 10:58:01 +0000 http://wordpress.org/?v=2.5.1 http://www.therandomforest.com/2008/05/26/carefully-pick-a-new-credit-card/#comment-1917 Mark Tue, 27 May 2008 06:53:53 +0000 http://www.therandomforest.com/2008/05/26/carefully-pick-a-new-credit-card/#comment-1917 In my opinion there isn't such a thing as a "good credit card" They are all bad if you abuse them. It you absolutely have to use one, then the ones with low or no interest are obviously the ones to go for. It's just so easy to overuse them then you are stuck in the spiral of minimum payments. Mrs. Justakrusen and I were recently able to pay off a credit card bill that had been hanging around for 14 years. It feels good not having to pay on that,deciding every month how much extra we could squeeze out of the budget so we weren't only paying the minimum payments. Credit cards can be like an anvil around your neck. Use them carefully. In my opinion there isn’t such a thing as a “good credit card” They are all bad if you abuse them. It you absolutely have to use one, then the ones with low or no interest are obviously the ones to go for. It’s just so easy to overuse them then you are stuck in the spiral of minimum payments. Mrs. Justakrusen and I were recently able to pay off a credit card bill that had been hanging around for 14 years. It feels good not having to pay on that,deciding every month how much extra we could squeeze out of the budget so we weren’t only paying the minimum payments. Credit cards can be like an anvil around your neck. Use them carefully.

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