| Tips on How to Use Credit Card Wisely |
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One of the reasons people choose to use credit cards instead of cash for making a payment is that they are more convenient and safer. Carrying a large amount of cash may lead you to be the victim of a crime. A lot of cash also means that your wallet or pocket will be loaded with notes (and perhaps, nickels). However, being in the middle of competition among credit card providers may lead you being confused, choosing which credit card is the best for you. Once you get your card, there are plenty of offers that you can hardly resist. You will be tempted to use the card more often than you really need until finally, at the end of the month, you are surprised looking at the bills you must pay.
Here a few things you must keep in mind to avoid yourself from the pitfalls of using credit cards. • Do a “conscious” shopping. Since credit cards make the appearance of money “invisible”, people tend to use it without being aware that they have to pay the bill. Be aware of what items you really need before you go shopping. Jot down their names on a piece of paper or on the cell phone memo. It is difficult to differ what we want and what we need, though, but the point is to look around your home and decide what will happen if you do not purchase that desired item. Can you delay to buy that item? You can download excellent powerpoint slides on financial management, corporate finance and investment management HERE. • If it is possible for you to negotiate for a product or service, do that. Find the best price such that you can keep your credit card payment low. The best thing to get the best deal is by shopping around or browsing on the net. • Keeping the balance of your credit card low means you are building a positive credit score. Positive credit history can also be created by staying within the limit of your credit card. Good score may in turn reward you with better deals. • If you are obliged to pay the bills late, please inform the credit card provider about this situation. Give a reasonable excuse for paying late for they may have a specific program that can help you with this case. Don’t forget to ask the representative about the amount of fees you must pay for a late payment. • Last but not least, it is better not to withdraw cash from your credit card. It will make it more difficult for you to control your spending if you see “free” cash available there. You can download excellent powerpoint slides on financial management, corporate finance and investment management HERE.
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