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Credit is evil, but it's a necessary evil.
To repeat several things listed above:
-It's great to find something with no annual fee.
-Shop for the lowest interest rate.
-Be sure the rate doesn't escalate after a few months.
-PAY IT OFF every month. Interest will eat you alive.
Now, here's another thought. With the airline cards (Like the United Milegage Plus Visa), you get a frequent flyer mile for each $1 you charge toward free travel. And you generally get 5,000 miles or something just for signing up.
Unfortunately, I think all of the airline cards have annual fees. I'm not sure how their interest rates are.
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Fraternally,
DeltAlum
DTD
The above is the opinion of the poster which may or may not be based in known facts and does not necessarily reflect the views of Delta Tau Delta or Greek Chat -- but it might.
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