Using a credit card can be a great move in the right circumstances. Large, one-off purchases can be easier to pay off using this type of credit. Also, by taking advantage of account perks like cash back and travel miles, people can make money with a credit card.
However, around 113 million credit card accounts – three in every 10 accountholders – carry their balances from month to month. This costs cardholders millions in interest payments and places Americans under financial pressure.
The latest numbers came fro...
from MoneyTips http://www.moneytips.com/30-percent-of-credit-cardholders-carry-balances/293
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