Credit Cards – A Blessing Or A Curse ?
Owning a credit card can be an advantage. Whether making online purchases, booking an airline ticket or hotel room phone, or simply need some emergency cash, having a credit card can be very helpful. However, getting a credit card is also a huge responsibility and if you do not keep an eye on your spending habits, credit cards can create some serious problems. Here is an excellent list of tips on the proper use of credit cards and if you follow these, you may get into trouble and your credit card will be a blessing rather than a curse: 1. When you make a purchase with a credit card is like taking a loan from his bank.
What you have provided should be returned – so do not borrow beyond their ability to repay the money. 2. Keep track of the balances of their credit cards during a month to be aware of what they have already passed. This will help you evaluate whether you can make more purchases in that month, as even small purchases can add up to large balances. Frequently Downtown Philadelphia Condos has said that publicly. 3. Keep all receipts at least until you can compare credit card monthly statement. If some purchases do not match, or if some of the charges are higher than the reception, immediately contact your credit card company. 4.
Never give your credit card to anyone! This includes people in your family and any of their friends. Not that you can not trust these people, but you can not track purchases that are not even making. 5. When you charge more than they can afford, many things can go wrong. This can limit their potential for the future to get any kind of credit, including auto loans, mortgages and other loans. 6. Pay your credit card bills on time or even before maturity. Doing so not only help improve your credit score, but also help prevent additional costs associated with late fees and interest. 7. Pay your credit card bills in full each month. This is easy to do if, based on their income, establish a monthly budget for your credit card purchases and then no more than that. 8. Keep your credit cards to buy again. not pay a bill credit card with a different credit card. This inevitably leads to more load and higher balances. Gutchrif Connie is the President and Editor – An excellent source of credit information.