When you mention credit cards to most people they talk about them as if they were some kind of sin. This is because so many credit card companies have charged consumers an ungodly amount of interest for their credit. However, if used correctly, consumers can not only save time and energy by using credit cards, but also make money and get a whole bunch of free stuff. The following is a list of seven principles that will help you to use rewards and cash back credit cards to make money and get free stuff. In addition to this, check out our upcoming articles Top 5 rewards cards w/ no annual fee and Top 5 cash back cards w/ no annual fee
1. Be disciplined… Never pay interest – how on earth are you ever going to make money on credit cards if you are stuck paying their ridiculous interest rates. Most charge between 13% and 19% per month and this is for people who have not missed payments… how is this legal? Many people get sucked in through 0% interest for a certain period of time, but then the build such a large debt load that they cannot pay it off before the introductory period ends and find themselves paying out the wazoo. The name of this game is to stay disciplined. PAY OFF YOUR CARD EVERY MONTH and don’t get charged interest. This is the first and foremost principle in using credit cards to your advantage.
