Answer:
Step-by-step explanation:
Most credit cards that have high interest rates also return a 1% bonus if you pay before the due date. A credit card is a time bomb just waiting to go off. On the other hand, it is a wonderful way to build up your credit. There are three iron clad rules that you must always follow.
Rule1: Pay before the due date.
Rule 2: Never fall behind.
Rule 3: Use only one credit card.
None of these rules can ever be broken. If you are very disciplined about money and I mean very disciplined, you could pay all your major bills with your credit card.
I do that every couple of days. We have 15 bills that come due through out the month. I pay 13 of them with the credit card. I check the phone every 3 days to see what the card thinks the balance is and I pay it immediately. Even if I am wrong, it won't matter. Three days from my phone call, the credit card will have updated.
If you can't do that, then don't even think of using your card for anything.
Credit cards are a deadly trap. People bankrupt themselves using them and breaking anyone of the three rules above.
If you break the rules given above you will wipe out whatever savings you have made using the card. If you obey those rules, you are paying for what you would buy anyway.
