The moment we come of age, credit card companies are stuffing our mailboxes with enticing offers and convoluted fine print. It's no wonder there is a staggering problem with credit card debt these days, particularly in the
2. When you do find a "Zero percent interest" or "Low interest" card, read the fine print and make sure that interest rate isn't going to drastically hike after an introductory period.
3. Sometimes, "fixed" rates aren't fixed at all. With a little warning ahead of time, credit card companies are free to increase your rates at any time.
4. Don’t carry your credit card around with you. Unless you are specifically leaving the house to use it, keep it at home so impulse shopping won't tempt you.
5. Carefully read each month's statement, as companies certainly do make mistakes. Also, you want to make sure that no unapproved charges have been made.
6. Watch out for annual fees. Some cards have no annual fees, other cards (particularly those with big rewards) may charge quite a bit.
7. Can't afford a big ticket item that you really want? Don't use the credit card as a crutch. It isn't a gateway to free money and you will have to repay it eventually.
8. Always pay more than the minimum charge on your bill or you will never pay it down.
9. Never mail your monthly payment in late. Even an honest mistake could result in a huge rate hike as penalty. Credit card companies are not sympathetic to mistakes, unfortunately.
10. Create a household budget and stick to it.