In part 1 and part 2 of Common Credit Card Questions People Wonder About, we covered various topics ranging from cosigning and interest fees to annual fees and debt elimination. In the final installment, we’re going to cover three more issues people wonder about.

Is it a good idea to carry a balance?  You should never pay a credit card interest rate if you don’t have to. Your credit score will be just as strong without a balance on your card as it would be with one.

Should I try to get another credit card after ruining my credit? Before going out to get another credit card, make sure you can really handle it.

Does FICO determine what a good or bad score is? FICO doesn’t mention what constitutes a good or bad credit score. They only calculate it. Lenders have set the mark for that.

By knowing the answers to these questions, you’ll be a much more informed credit card owner.