 TITLE: The Simple Guide to Using Credit Cards CONTENT: What to Avoid When Using a Credit Card\n--------------------------------------\nThere are a number of credit card use \"nevers\" to be aware of. Do not use the card:\n*   **Just for the rewards.** It's easy to get caught up in the cash, points or miles game, but it can lead to overspending and debt.\n*   **As an income supplement.** Available credit isn't an extra paycheck. If you lean on credit cards to pay for the things you can't afford, your balances will swell and troubles will worsen.\n*   **As a savings vehicle.** If you want something special, save for it. Then you can charge the expense and pay the bill with the money you've set aside.\n*   **When you can't afford to pay your monthly bill.** A missed payment will remain listed on your credit report for seven years and ding your credit rating.\n*   **For mid- or long-term financing.** You may want to spread the payments of an especially costly purchase over time, but don't let it linger for over a year. Charge a $2,000 laptop at 18.9% APR, and the fees would be $112 if you paid it off in six months; stretch it out for six years, and the fees would be $1,358.\n*   **Communally.** Never share your account with a friend or family member. The credit card was granted to you, so you're the owner. If you give someone else permission to charge with it, you are liable for the payment and resulting debt. END