When I was in college I loved credit cards. I signed up for about 10 different cards in college because I would get a free t-shirt! I would buy anything and everything in sight. Of course, it wasn't until I had graduated and had a job that I realized that I'd have to pay back all of that money!
In fact, ten years later, we just paid off all of our credit card debt! That's quite amazing considering that at one point we had an all time high of over $30,000.
One thing that we've decided to do is keep the good cards. The ones that offer 0% credit cards and that ones that have 0% balance transfers. That way if we are ever in a bind we won't be forced to use a card with a high interest rate!
Check out this great website that offers TONS of information on credit cards! I like the fact that it lists all of the credit cards in a grid and you can decide which one best meets your financial needs.
This post sponsored by: http://www.creditcards-gb.co.uk
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