More consumers these days have to realize that interest rates are always going to be determining factor on how much they pay on a certain product. If this is the case everyone should work extremely hard to preserve their credit score.
It really all starts with the ability to handle credit cards properly. People that have good credit scores will have a chance to get the best rates on credit cards. This means that they will have cards that have lower interest rates, and this allows them to pay off balances quicker. This also allows them to acquire less debt than someone that may have a credit card that has an astronomical feet. Another thing that people have to consider when they are trying to build their funds and acquired of best credit score is paying their balances in full. People that are smart about their money will realize that they are not doing themselves a favor when they allow their card to have a balance from month to month.
It is much better to benefit from the cash rewards or points in order to get cash back or gift cards. No one needs to sabotage this extra cash back money that they can have in hand by getting cards that have balances. Getting a card and not paying the full balance will actually leave you paying interest on anything that you purchased.
That defeats the purpose of getting the cash back rewards in the first place. You never get a chance to see the true benefits of cash back reward programs if you are always stuck paying interest on the cards that you have in your possession. Many people have discovered that credit cards are going to be a lot easier to manage if they have a low balance.