Originally Posted by johndeeregreen
The best feature of a credit card is that you can use it when life is unpredictable and you just don't have cash on hand for something that you NEED done.
If you follow this advice, you've failed in your finances.
A credit card should not be used for emergencies at all unless you plan to pay it in full at the end of the month. Any time you pay interest to the CC company, you've pretty much thrown money out the window.
My advice, make sure you have emergency cash stashed away, for the very least 1k, if not 6 months worth of expenses. If you are financially stable and disciplined, use your credit card to pay everything and pay it off at the end of the month. Once you build enough credit to get another CC, get a rewards card and reap the benefits of paying everything with a CC and paying it all off at the end of the month. The day you pay interest is the day you lost the game, at least that's my philosophy.
Another tip, a lot of credit cards have extended warranties, insurances, etc attached to them when you pay with them. For example, my credit cards cover additional insurance for a car I rent, therefore I don't have to buy extra insurance from the rental company, unless I want to give them free money.
Anyways, good luck bro, hope you don't screw up like most people do.