One of the most outstanding inventions is the credit card. Since Diners Club released the first credit card in 1951, our nation has been rapidly evolving into a pay-by-card society. A credit card is a handy tool. Most people agree that using a credit card to pay for day-to-day purchases is a smart idea. With the swipe of a card, you can buy a car, a house, a vacation, an experience. No longer is there a constant need for cash.
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Getting your first credit card is a major financial step. Used properly, credit cards offer a flexible way to cover unexpected expenses and build a good financial reputation. However, used irresponsibly, credit cards can potentially lead to long-term debt and difficult financial situations, so it’s important to understand how to use (and not use) a credit card.
Check out the infographic below for seven tips to help you save money and reduce credit card debt.