Americans love their credit cards. They especially love their credit cards during the holidays, when the average household racks up $1,588 in credit-card debt, according to CardTrak.com, a firm that provides information about credit cards to consumers. The problem? After the tree has been shown to the curb and the last twinkle light packed away, reality arrives in a windowed envelope. So it helps to know just what you’re -getting into when you pound that plastic. On the following pages, experts tell you how to use your credit wisely, so you can face the New Year with at least one holiday hangover averted.
Know your credit cards
Sure, those little plastic pals go everywhere with you, but how much do you know about them?
Probably not as much as you should, especially at a time of year when they will be seeing a lot of action. The key is to use your credit cards in the smartest way possible. If your one strategy so far has been to keep them in your wallet’s most convenient slots, read on.
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Words:
Oliver Hugemark
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Photograph:
Heidi Lerkenfeldt
