Your First Credit Card

When you are going to get your first credit cards you must ensure that no one is taking advantage of you.

One of the most important things is determining how much you will have to repay in the end. Always read the fine print which will usually notify you of possible fees. The extra cost associated with credit cards are interest fees. That is why we recommend examining all fees prior to using the card or you may end up paying more than you ever imagined for a simple purchase.

You will be charged interest. You will want to examine what the minimum monthly payments and interest rate are on the card that you are interested in. The interest rate is important. The longer you let interest build up month after month you will get interest charges on the previous month's interest. Late payments will get interest charged to you as well as a late payment fee.