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boris
Apprentice
Joined: 09 Jan 2007
Posts: 19
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 Posted: 12/15/07 - 07:28 Post subject: |
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| I have recently started working and as I got a good job with a good salary. I have received a great credit limit on my cards. However, I would like to know whether you limit your money spending, or you use all your limit, and what are the consequences. Thanks in advance, any advice would be very useful to me. |
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kelwin
Apprentice
Joined: 26 Jun 2006
Posts: 5
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| Posted: 01/14/08 - 00:58 Post subject: |
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| Credit cards are a great financial benefit for those who use it. However, they also lead to major overspending when it should not happen. I suppose you are very delighted with having a great credit limit. However, I have to warn you. Interest rates are not small and if you spend everything you have on the limit, at the end of the day, you will have to pay much more money back. I personally always try not to touch that limit and save it only for the extreme cases. If you have a good salary, stick to what you are earning, forget the rest. |
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