Contributed by Lisa Marie
Every credit card company claims to be the best, but which one really is? That would be for you, and only you,to decide.
There are so many options out there for credit cards, not to mention the deals that they have. They are all in competition to get your money, so you really need to do your homework.
The myth that anyone, never mind single moms, can live without a credit card is almost impossible. Most families in the U.S. live paycheck to paycheck thus making the finances tight, especially when the unexpected happens.
You need credit, and credit cards to get credit. You can't buy a new car without credit- well, you can, but your interest rate will be absolutely ridiculous and that's just wasted money.
And what if your car breaks down the day after the warranty expires? We all know that happens. You can only juggle your finances so much before it's going to come back and bite you.
Low interest rates are always nice. That way you don't have to throw as much of your hard earned money out of the window. No annual fee is a plus, too. But what about rewards? It would be nice to get something back from your credit card company, don't you think?
Here's a few words on rewards. It can be good to get free stuff, but please remember that nothing is really free. The credit cards with rewards attached to them usually come with a higher interest rate than those without rewards. Keep that in mind and do your homework on deciding the best credit card for you.