What Zippy said. Also, pay in cash if possible. Otherwise, pay every balance in full every month.
Resist the temptation to accumulate balances so you pay off less and you fall under the illusion of building up cash reserves. Your net worth, your actual wealth, is what you own minus what you owe. This was a mistake I made in my younger years and I thought I could simply bounce the balance from one card to another, as I wouldn't pay interest on the first 6-12 months and simply pay it off. This can be a wise and appropriate maneuver in certain cases, but you're paying a balance transfer fee to do this.
Take advantage of rewards/cash back cards - you're getting something for using these banks' cards.
Ron Paul - America, you WILL regret not voting for him!
KNOWLEDGE IS POWER
neither a borrower nor lender be
“If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen.”
- SAMUEL ADAMS