Are you using the wrong credit card?

Credit cards are one of those financial tools that can be saintly or sinful depending on how you use them. The idea in principal – extending credit to help manage a short-term lack of cashflow – is a good one. A credit card can help you make big purchases, earn points and cover costs that you might otherwise have to save ages for. However, as we all know, they can also create serious debt problems and – for some – are simply not an option at all. One of the best ways to ensure that you have a positive experience with credit cards is to make sure that you’re using the right one.  We tend to assume that credit cards are all the same but there is actually quite a wide range, and different types suit different people. According to a recent survey from a marketing information firm, one in five people choose a credit card that doesn t actually match their spending habits. For example, having a card with a high APR and a large balance on it. Or choosing a card that accrues air mil


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