The internet is full of information about credit cards, yet people still wonder what the best choice is for them. In Part 1 of Common Credit Card Questions People Wonder About, we went over whether card holders should close out accounts or ditch cards with annual fees.
In part 2, we’ll cover more questions people wonder about.
Is it a good idea to cosign for family members? Family is awesome, but if you want to keep the relationship that way, you should probably never cosign on a card for them. If they default, you’re on the hook.
Should cards with higher interest and balances be paid off first? It is probably a good idea to do so because this will free up more money in your budget.
How often is too often to check a credit score? You should check your score as often as you’d like. This is the best way to stay on top of what’s going on.
In part 3, we’ll cover more Common Credit Card Questions People Wonder About.