Cons and Pros of Credit Cards? And … “Don’t leave home without one!”

Credit card is a funny product. On the one hand, it can put you pretty quickly in trouble and in the worst case it can be the first step into a debt spiral. On the other hand, a credit card gives you the opportunity to make significant savings and allows better management of your home budget.

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How much does a Credit Card cost?

Credit card is basically a limited rotating loan given to you by the bank after checking your financial condition. Do not believe that such “loan” can be obtained easily just by walking into a bank and asking. It doesn’t work like that. The idea behind ​​this piece of plastic is that you will be able to repay the loan. Usually with a hefty interest. Unless you read my article and learn how to use the card in such a way that you will not keep falling into bigger and bigger debt 🙂

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How do Credit Cards work ?

You probably know already my opinion about credit cards. I wrote about it in my previous article; if you didn’t read it I encourage you to do it now 🙂

This article is second installment in my series about Credit Cards:

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Are Credit Cards really as bad as they say about them?

Some time ago I had an opportunity to saw a short video of Mr. Dave Ramsay on The Dave Ramsey Show. During which one of the callers rang and asked why credit cards are bad. You will find this video by googling phrase: “Why Are Credit Cards Bad? I Never Pay Interest and They Make Me Money”

Let’s explain one thing:

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