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I take it then that people end up owning several cards to maximize the length of time to repay a debt?
Originally posted by Pa Ja
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It depends on what they're trying to achieve. Some do, yes.
However, please don't look upon a credit card as a way of getting out of debt - more often than not, the reverse is true, and it leads to further debt.
The "correct" way to use a standard credit card ( i.e. not one that has a promotional offer ) is to use it for purchases, and pay the balance off in full every month. That way, you pay zero interest, you get the advantage of up to 56 days of interest-free credit, and you benefit from S75 protection on larger purchases.
Really, if you're looking at getting a credit card because you're struggling to manage on your income, I'd advise heading over to the DFW board in preference to potentially saddling yourself with more ( expensive ) debt.
It's also worth mentioning - the 0% promotions are generally only available to those with a relatively good and established credit history. I'm not saying you definitely won't be able to get one - but don't go banking on it.
I may not know much about art, but I know what I like.