When you do your credit card comparisons, watch out for credit cards that calculate finance charges based on a daily balance. The daily balance method is to charge interest based on the amount that is owed to the account each day. Although this can be good for some people who pay off their credit cards early in the billing period, it can be expensive for those who carry a balance. Look for a credit card that uses another method to calculate finance charges.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Ask a Question

Not finding the advice and tips you need on this Credit-Cards Tip Site? Request a Tip Now!

Guru Spotlight

Lynda Moultry

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!