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The Do and Do Not of a Credit Card

Broderick Chatmon

COM/172

02/23/2011

Reine Dugas

The do and do not not in credit cards can be very simple. The credit card holders should never pay a credit card bill late. Not everyone pay the credit card bill on time. Another do not is one should never pay off a credit card while applying for a second credit card. Credit cards can be a hassle; with collectors calling the numbers listed as references to collect a past due balance. I think the best way to manage a credit card balance is to keep the credit cards to a minimum. Another do not is to never spend over the balance of a savings account. The first thing one should do with a credit card is to compare rates. Also, one should compare different offers from different credit cards. For example I think one should always have a plan before owning a credit card. Credit cards can be a less hassle than money. With a credit card, money can be in one spot without the hassle of counting paper. Also one could never lose a dollar bill because of a breeze with the wind. “Most credit cards have a bunch of other benefits that are buried in the fine print and people generally do not take advantage of the situation. For example, most VISA’S have an extended warranty plan. If a person, buy something with a one year warranty and it fails eighteen months after the purchase, the credit card company will replace or repair the merchandise for that individual; even though the original warranty has expired.”[2009 by Mark Shead] Meaning one should never throw away his or her receipt. One main reason I avoid credit cards is I do not want the stress that can come with owning a credit card. In fact I feel like people worry about having to pay back high interest rates once in debt. Instead, I feel like people should try owning a green dot debit card. With the

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