credit card wisely, is extremely important because it can save you from a pit
hole of debt, later. In order to survive
the set of deadly traps, it is important that you set of essential skills that
protect you against potential pitfalls.
So, here are
some few tips with using credit cards, wisely.
You need to know
that credit cards are actually high interest incurring loans – but in disguise.
Credit card doesn’t mean easy money. In fact, it’s the exact opposite! It means
When you buy a
card, select a card that is low on interest. If you own a card that has a very
high interest rate, it means you are simply not being intelligent with your
Make sure that
you repay your credit card bills on time so that you don’t end up having a huge
pile of late fee and other penalties.
Read the fine
lines and between them when it comes to credit card agreements.
REGULAR CHECK UP
bills and statements every month or as regularly as they are needed.
Credit cards are
only tools that allow you to have your money in different ways. Use them with
some common sense and clear financial decisions. Keep track of all your bills
and purchases. Having an eye out for fraudsters can sure help keep your wealth
safe. If you notice something even remotely suspicious do not be afraid to call
the customer service up and ask for help.
It is advised
that you can cash whenever possible, and keep your credit card away as a source
of emergency fund. Minimising the use of credit cards can decrease your debt.
We know that it can be easy to pull out the card and swipe it whenever you make
a purchase, but that’s only going to make your interest rates grow out of
In short, do not
make credit cards a habit.
Do not use your
card like it is a free source of money.
POSTED BY: BALAKARTHIGA.M