Credit Cards Are Very Effective Tools

So if you are intending using or if you are already using one from a long time, these tips could be very handy for you. If you are thinking of applying for a fresh card, make sure you read the card holder's terms written in fine prints carefully to understand every intricate details of the working of the credit card as these could help you in curbing your need to use your card. You will get the free record keeping, reward points, and other features. Lots of credit cards give some kind of the insurance in case your card is stolen.

While making any purchases or transactions on your credit card make sure you clear the outstanding with in the end of your billing cycle or before your billing date to avoid being levied upon huge interests. Even if you have missed paying your outstanding till the billing date. Make sure you clear it within the due date or you would be levied upon a late payment fees, which can be to a tune 2.5% of the outstanding balance depending upon the bank. Another most important aspect of using your credit card: Do not get over spend and then end up spending thousands only on interests. While making any purchases online make sure the site is authentic and will not misuse any credit information given by you. Others give extra life insurance plans for the air travel booked on these cards. Few credit card companies give you the extended warranties what you have purchased with the card.

Most of the banks are offering add on cards for your spouses or partners. It is advisable to opt for it other carry three to four credit cards at a time. Some banks have also introduced student credit cards especially for students with lower interest rate and no annual fees.

Remember these things were introduced with an idea to make life simpler and easier. So be responsible and use it wisely to make the most of it. Have discipline to pay your balance at an end of every month and not to spend more than what you have. You will basically get credit card services for the free, paid by the people who do not have sufficient discipline to pay their balance every month. One of most important advantages of the companies is a fact that they usually stand up for good customers, which are being charged incorrectly. The cc companies will revoke money from the merchants & this is what they may do in case you complain you were been shipped an item, which was canceled.

Source by Jonathan Wong

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