Credit cards can expand the buying power of a responsible user in the know, but those who aren't careful can quickly have their credit rating crippled and rack up huge debts. Read up on some of these common, but dangerous myths about credit cards to prepare yourself for the world of plastic.
1. Myth: Transferring the balance of one credit card to another is an effective way to manage debt
In theory, moving your debt to a credit card with a lower intere...
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