Pros and Cons of Personal Credit Cards

By Michael Luchies

– Build Credit: There are plenty of ways to build up credit, but credit cards are often the easiest way to start. Always read the disclosures before signing up for a card and keep your balance low if not at 0 to avoid racking up debt. Also keep a cushion of funds available on the card. Companies often calculate the amount of credit you have available to you already and what is already used on credit cards you currently own.

– Leverage: Using credit cards for profit is a dangerous game, but there are people out their who play this game successfully. There are many ways to use credit cards for leverage, but many of these are very complicated and risky. For more information check out this article on ” Using Credit Cards to Make More Money .”

Read the rest here!


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