credit cards

It is very important that you inquire with a bank before you decide in owning a credit card. It's also best to know the different offerings of the bank. Know about the credit limit, credit charges, membership fees, finance charges, late charges, cut-off dates, due dates, how you will pay them, can it be used as a discount card, does it have promotions or rewards or rebates, etc.

We are all familiar with the story: A credit card user swipes with wild abandon, splurging on the things that he was deprived as a child. And then, before knowing it, he was able to max out his credit card limit. Later on, he misses his payment due date and earns interest charges because of this. Not long after, credit card collectors are on his tail.