5 Credit Card Tips for Everyone
If you have a credit card and you use it carelessly you will always in debt. Credit card companies charge heavy fees if you don’t pay your credit card bill on time. They also have fees for certain types of transactions like usage in petrol pumps. Banks like ICICI and HDFC bank will charge a fee if you pay credit card bill by cash. Read their manual to see the complete list of fees.
1. Always pay your credit card bills on time. This is the most important thing you can do get away from credit card debt. Always pay at least your minimum payment and make an early payment if you pay by cheque since it will take few days to process your payment. If you make your payment a day late you have to pay a late payment fee and also interest from the day you purchased the item.
2. Pay your balance in full each month. You don’t need to pay any interest if you pay the amount in full. If this is not possible to pay the full amount, then make a payment as large as possible.
3. Slow down usage if you can’t pay the full balance. Having a credit card allows you to buy in credit. Buy only if you have the money to pay the bill on time. Reduce your credit card usage and spend depending on how much you earn.
4. Check your statement carefully each month. Review your statement carefully. Check whether all the charges look correct. Check for any unusual and unexpected charges. Contact the customer care and clear your doubts about any transaction or charges.
5. Don’t carry your credit card with you. Don’t carry your credit card around with you. Unless you are specifically leaving the house to use it keep it at home
Dear shanavas
Your tips are very valuable. Your Tips are very useful to us. Kindly Continue.
Yours
S.Muruganandam