We recently wrote about the benefits and drawbacks of getting a credit card, where we tried to help you decide whether a credit card is right for you. Now we have some advice for those who already have credit cards – become a free rider.
Free riders are credit card users who are able to use their cards responsibly and pay off their balances each month. If you are not responsible with your credit card, you can quickly accumulate debt and end up paying hundreds of dollars in interest every year.
Believe it or not, there are ways for you to use your credit card to your advantage. The trick is to learn how to use a credit card as a small, interest-free loan whenever you need cash. This will help you avoid credit card debt and build a positive credit history.