‘If you are using credit cards to take out cash, you need to cut up your card’ – money experts share their credit card dos and don’ts

We asked six financial experts if they have a credit card and, if yes, how they use it

Credit cards can be used strategically. Photo: Getty

Credit cards can be very dangerous from a financial well-being perspective, if used irresponsibly.

The temptation to use one to fund a big holiday or a new sofa that you can’t afford can be seriously tempting. However, if the card isn’t paid off each month, it can lead to penalties in the form of high interest payments.

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