4 Rules for Managing Credit Cards

Follow these savvy tips, and you’ll escape the pitfalls of your plastic

James Baigrie

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Pay the balance in full and avoid interest. Beat the card companies at their own game.

Never pay late, if possible. Pay by phone, or overnight a check if necessary.

Before signing up for a card, assess it carefully and weigh out all the terms and fees. And remember — just applying for it can affect your credit score.

Use higher-interest rewards cards for small purchases and a low-interest card for any big buys.

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December 2007

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