The BankAmericard Better Balance Rewards card, a new credit card from Bank of America, will pay you to repay them: It offers cash rewards of up to $120 a year to cardholders who pay off more than the minimum balance every month.
There's nothing more expensive than spending money you don't have. That, of course, is a lesson you might learn the hard way if you carry a balance on a high-interest credit card. But spending beyond your means can be a pricey proposition even with a debit card.
Not long ago, DailyFinance's Hugh Collins -- a 28-year-old, Belfast-born U.S. resident -- had yet to experience a truly American phenomenon: owning a credit card. Once he finally secured one, though, he quickly discovered the immense power, allure -- and danger -- of plastic.