Credit cards are notorious for high interests rates and fees, especially if you don’t pay on time. Kimberly Palmer, Senior Editor of US News Money, suggests only using a credit card in dire emergencies – allowing you to avoid and prevent credit card debt. Lowcards.com CEO Bill Hardekopf also suggests choosing a credit card with the lowest credit limit, since exceeding the limit can bring on extra fees and damage your credit rating.
[Photo via @proproductions]