Credit Card pitfalls…
Credit Cards specifically credit
card debt is the number one way young college graduates get themselves into
trouble. They are suddenly thrust into the real world and need to buy lots of
things (new apartment furniture, food, pay utility bills and rent and of course
go to the bar). All these expenses add up and can soon swallow the grad in a
mountain of debt (not including student loans).
Do not be afraid Credit Cards can be great….
The refined college graduate is
not afraid of credit cards and instead sees their usefulness in tracking
expenses, building good credit history and most important keeping their money
safe. The refined college graduate has a recent credit report and knows their
score. These can be obtained at freecreditreport.com. The refined college
graduate pays off the entire balance of their card every month. The refined
college graduate does not have more than two cards (why waste time keeping
track of all of them). The refined college graduate knows they look really cool
at the bar in front of the ladies when they pay with plastic.
There will be more posts on
credit, credit history and debt but for now here our five great cards we have
researched and tried.
