Credit Card Style

What is your credit card style? Are you someone who pays everything on time? Or are you someone who lets your balance roll over each month and thus is paying a lot of money on interest?

For those who pay everything on time, you may want to check out cash back credit cards that pays you cash on all your payments. This is good for those who never let your balance roll over to the next month, because the interest on those payments will cost more the amount of cash you get back.

If you are someone who lets your balance roll over from time to time, and is facing mounting debts, then you should consider balance transfer credit cards. Use one card to consolidate all your credit card debts and you can avoid paying interest for some time. Of course, do read the fine print since some companies charge you a transfer fee to combine all charges on a card, while others do not. It does not mean that your credit card woes are solved, but rather, they are delayed.

No matter what, we should always be prudent and live within our means.

This post is brought to you by Thrifty Scot.

Sarah Tan – SingaporeProfit.com