What if I have to carry a balance on my credit card?

What if I have to carry a balance on my credit card?

Janet Bodnar (Deputy Editor, Kiplinger’s Personal Finance) gives expert video advice on: Should I take advantage of low rate offers and transfer my balances?; How many credit cards should I have? and more...

It's OK to carry a balance from month to month, but make sure, first of all, you've got a low interest card so that you're not paying any more interest than you have to. Make sure that you're making more than the minimum payments, so the interest is not building up and building up over time. Make those payments on time because again, as long as you're current with your credit card payments, it's going to be a good mark on your credit record.