When it comes to shopping online and applying for a credit card you will find that there are many different kinds of cards on the market. Each credit card has a certain amount of points that you can accumulate before the end of the year to give yourself a little extra time to pay off your balance. As long as you are able to make your monthly payments on time each month you will be able to get some pretty nice rewards.
One of the best kinds of credit cards is the 2 cash back credit card. The main benefit to this type of card is that if you pay off the entire balance on your card by the end of the year you will receive a reward. That means if you go over the limit or miss a payment you will still receive some money back each month.
Most of the cash back credit cards have a high credit limit. This is great if you are going to use your card as often as you like. You may want to keep it a little bit lower than what you can actually afford so you don't have to worry about not being able to pay it off all. However, most of the cards have a limit of $1500 for your balance.
The biggest drawback of using a credit card to pay off your balance is that you will need to have a steady income. It's easy to make minimum payments on a card but if you aren't making enough money you may be able to fall further into debt before you know it. So you should try to plan for the fact that you may not have to pay off your entire balance right away.
You also need to consider the fees that will be charged to use your card. Some of them will charge you a small fee every month for each dollar you spend in your credit card. These fees are almost always hidden from you. But the truth is you will be paying a small fee every month and even more for your purchases.
In addition to the small fees you are also giving yourself access to free money. If you were paying off your card with cash you would be limited to just using the money from your paycheck and if you didn't have money left over you would have to pay more to continue making your payments.