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Originally Posted by lukkyb22
I am sure everyone knows this, but if you are carrying a balance on a credit card, you need to have 2 cards. one is paid off every month and you accrue no finance charges. the other is not used, but you will be paying interest plus whatever else you pay down. if you have a balance, anythign you charge immediately begins getting slapped with interest, whereas if you don't have a balance you are free and clear--until the bill comes!
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I am a little confused by this paragraph. Why would you be paying interest if you don't use the second card and you pay the first card every month? Could be I am sleep deprived!
On the other subject. In my situation I don't have a current credit cards (except sams card) so, I have to have a small emergency fund set up or I have nothing to fall back on. The only it works to use the card as an emergency fall back is if you have one!