These days, credit cards have become a necessary tool in our life; they can help you book and shop on-line or through the telephone. They make your life much easier.
The real question here is 'how much you know about your credit card??'
For example, are you familiar with the term interest free credit cards? Although this is a great tool in the right hands, it could become a trap. When you first hear this term, you'll feel pleased because for up to 45 - 55 days, you don抰 have to pay any interest on the bill. But did you realise that credit card companies start charging a lot after the interest-free period has expired?
Also, do you know why there are the interest free periods and great reward programs? In finance terms you are creating your own 'spread'. Put simply, the reason you can have those is because of those undisciplined credit cardholders who only pay the minimum monthly balance or close to it; the interest they have been charged covers all those great things.
Visit here to compare credit cards, you will find out lots more that you didn't know before.