CREDIT CARD HELP: The basic fundamentals of credit cards

Picking the right card

Your credit card personality: The Diva / Big spender

By Erin Peterson

Credit Card Help

Your credit card personality: The Diva/Big Spender

Your traits: You work hard. You play hard. You like the best of everything. After a tough day at work, you'll tell yourself you deserve a treat, whether it's a new pair of shoes or the latest gadget on the shelf. Many of your purchases are impulse buys. Occasionally, this gets you into trouble when your purchases extend beyond your financial means.

You should consider: Look for cards that won't cost you if you slip up occasionally, says Clarky Davis, the Debt Diva for CareOne Credit Counseling.

"Since these people tend not to be planners, they'll want to find a card with low interest rates and no annual fees," she says. That way, you'll be less likely to get burned by high costs over the long term if you make the occasional bad buying decision.

You should avoid: You don't need much incentive to spend -- or overspend -- so you may want to bypass rewards cards.

"Rewards cards can trick you psychologically into spending more than you otherwise would," says Brent Kessel, author of "It's Not About the Money."

Before choosing a credit card, know yours.

CREDIT CARD HELP: The basic fundamentals of credit cards

Weekly newsletter
Get the latest news, advice, articles and tips delivered to your inbox. It's FREE.

Updated: 05-23-2019