kredit kard

The temptation to acquire too many credit cards can lead to losing track of payment details and deadlines. This can be disastrous and can also lead to a false sense of security where customers continually transfer accounts to new services with lower interest. This rotating form of interest, if not properly disciplined and controlled, can lead to balooning payments when late payments occur. When this happens, the interest rate on even the lowest credit card can suddenly explode. Difficulty with understanding the fine print as relating to various fees and charges which may not be initially obvious. It is important to understand how the interest rates on credit card charges is calculated and it is particularly important to keep up with payments. Depending on the credit card company, it is possible that falling behind with payments will result in an interest charge on all future charges regardless of whether or not you settle your bill during the grace period and by the normal deadline. And last but not the least, you have to think that before using a credit card, it is not your money you are spending but other money, which in due time you need to return [plus interest!], which in turn you have to wait in line at the bank to pay. The time will also come that when you need to pay for the purchases that you made that you have no more money allocated for this payment, gosh. So IMHO it is better to purchase or buy stuff with cash...