A card that allows you to buy things before you actually pay for them. Provided that you pay off your credit card balance in total every month, credit cards offer you convenience, a short-term, interest-free loan, and typically other perks in the form of rewards. Trouble arises when you don’t pay off that balance and find yourself getting socked with compound interest and fees. (See also: Debit Cards)
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A simple 12-step plan to leap over the wealth gap once and for all.
