Do you carry a balance on one or more credit cards? Big mistake. The highest interest rate for borrowing money is on revolving credit. Way higher than mortgage loans, student loans or even used car loans. Let’s say you carry an average daily balance of $3,000 a month on a credit card. At the current average rate of about 13.5% you would be paying about $400 annually in interest. On the other hand, if you paid off your bill in full each month you could get a rebate on what you charge each month. Continue reading Earn money, don’t pay, for using credit cards →