A credit card is a tiny loan you take out every time you swipe. Pay it off each month and it’s free leverage. Don’t, and it’s one of the most expensive mistakes in personal finance.
Every swipe of a credit card is a tiny loan from the bank. Used right, it’s free — even rewarding. Used wrong, it’s one of the most expensive forms of debt there is. The difference comes down to a single habit.
— Educational, not financial advice.