Always Pay in Full
May 31, 2008
Always Pay in Full!
That was what my mom always tell me about credit cards. Credit Cards are only beneficial if you pay them in full and just take advantage of their rewards points.
We (My husband and I) recently got a credit card. I didn’t want to at first but I made him promise to always pay in full so I agreed. But there came a time when a friend of my hubby needed money badly so he came to us suggesting a cash advance from our credit card. My husband couldn’t say no to him (don’t worry I tortured him already for saying yes haha!) Anyway, the bill came, the “friend” hasn’t paid yet and we didn’t have enough money so we had no choice but to only pay what we can. Next month our bill was so high that we couldn’t pay in full again (friend hasn’t paid yet). So this about 3 months ago and til now we couldn’t pay in full and our financial charges are really high (sorry for not quoting real figures).
So here’s my tip for those thinking of getting credit cards:
Pay in Full always or don’t get one at all
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