For owners of credit cards, of course very pleased with the facilities provided by the time they make a purchase of goods. Simply by carrying a credit card, all processes do not require cash payments.
But actually, all you owe it is early. Debt you should pay with interest. To use a credit card, you are right and there are no limits or rules that restrict you. But you need more time to use it wisely.
Here are Tips on How Smart Managing Your Credit Card:
1. You Can Frugality with your Credit Card.
As a consumer or credit card customers, we must be jelly-jelly choosing a credit card that offers at most facilities and of course that is expected is saving programs to shop or eat at the restaurant with a lot of discount. Many not only the number of outlets but also the value of a tempting discount.
Try to analyze what credit cards are the most widely held joint discount program or a program of free services like airport lounges. Imagine there is a restaurant that offers a discount up to 50% if using a particular credit card. There is another that offers a discount of 30% + 20% and divided by 12 months with 0% interest. Of course this offer is very attractive, but you also must be smart not to be tempted just because of mortgage 12 months with 0% interest, try to check the price of the same in other places without a mortgage.
2. Pay Your Credit Card Bill.
The message is do not ever owe to satisfy your consumer needs. If indeed we are not able to buy goods at a great price, try to learn to be more selective and make priorities. Do not let your spending a big wedge of the pole. Finally you are able to pay only the minimum payment, which is basically mostly just to repay interest and penalty payment on your credit card.
Imagine if you only pay the minimum payment that only 10% of the total interest bill by 42% – 48% per year. Moreover, you are late paying and paying less than minimum, be a fall hit you like a ladder that eventually your credit card bill is not paid in full. So use credit cards wisely in a way, because the credit card still not your money, but only as a means of payment. Your own money is disposable income or your income that can actually be spent.
If you have more than 1 credit card and there was a large unexpected expenses and you can not afford everything, so prioritize your payments on credit cards that have the highest rates while others are at least well for the minimum payment. But I was not too happy with the pattern of such payments.
3. Do not Overuse Own Credit Card.
Of course we should not have excessive credit card, do not be home to meet the space between our wallets so that looks a lot credit card, we accept every credit card companies that offer credit cards to us. The reason, of course, removing excessive annual fees, while also lure you to shop more.
Basically the first person to use a rational reason to bring a credit card just to replace the cash carried in a wallet, so rather than every time we bring excessive cash so we use a credit card.
So clearly the functions formerly more to make it easier to shop alone. Now with the shifting of time and changes in modern lifestyle, function as a card to credit card debt is also unavoidable. My message only if you owe may well okay but look at all your abilities and make plans and priorities do not buy something just for a moment lifestyle, but did buy the goods you need. You can have a credit card 2 pieces with the monthly due date is different, in order to facilitate your financial arrangements.
4. Do not withdraw cash with your credit card.
If you shop using a credit card then the interest will begin to be calculated on the due date of credit card and you do not pay it in full. Meanwhile, by taking cash from the machine, so when you take the cash, then when it started to flower also calculated and certainly very high interest rates about 4 – 4.5% per month or it could reach 54% per year.
Of course, the manager of credit cards has also been taking account of losses if any customer credit card defaulters do not pay or obscure alias, so that loans without collateral is what makes the interest charged is also high. So do not take cash from your credit card.
5. Save Your Credit Cards If Not Need.
One way to allow you to control your spending plan your spending is enough with existing cash, let’s just say you do not have a credit card. Many ways you can do to manage their spending and one of them is the envelope system where you directly to divide the money you would spend on the relevant month into several envelopes expenditure as planned monthly budget.
You can use credit cards only at certain times for example in order to discount meals at restaurants or shopping at the supermarket to 3% cash back, but do not forget to move the money in the envelope according to expenditure that has been done into the envelope for the provision of credit card payments will mature later because of the use of expenditure.
In short you can use only if benefit you or to keep watch in a state of sudden and you do not carry that much cash. The danger is if you have tida financial planning and you use your credit card with no control, then maybe you will get into trouble with credit card alias is unable to pay and debt interest rates that eventually you can pay many times the total of your bill.
So be smart using and managing credit cards, so you do not become victims because of your own carelessness. Be debt free credit card.
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