Read the fine print

Here's something about credit cards that I did not know. Let's say you had a balance on one of your statements and you decided (on purpose or not) that you were only going to pay 'some' of the balance owing. You'd probably expect that next month, you'd have interest owing on that part of the balance you didn't pay. That's where you'd be so mistaken, my friends. Not only would they have charged you interest on the part of last month's balance you let slip, but on every purchase from this month too - even if you paid what was owing from last month and paid everything from this month in full. Plus - you'd be charged interest on next month's purchases too. Even if you paid that all off as well. You will continue to pay penalty interest on all purchases until you've made 3 months of consecutive payments in full (leaving a zero balance).

Just a tip from me to you. Just in case - you know - you were thinking of maybe letting that credit card balance slide a little over the Christmas holidays....... 18.5% adds up fast.