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Ignoring common sense for one. Going into debt over your eyeballs is another.

Credit Cards were originally designed to pay for things with the intention of paying off the entire balance at the end of a month. Some people have charged up thousands of dollars ... yes even tens of thousands of dollars, on credit cards, which is totally insane.

If you don't, or won't have, the funds available to pay off the debt each month, don't charge anything on the card ... the interest rate on credit cards should be scary enough, especially when banks are only dishing out less than 1% to you on your savings accounts, yet you are willing to shell out up to 29% interest for items you can't afford and probably wouldn't have bought (or don't need) had you not had a credit card in the first place.

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17y ago

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