The main function of a credit card is a tool that allows payment. But remember, there is an obligation and responsibility after you use it, aka pay.
Want to know, how can you not get into debt credit card?
This five safety principles that you must understand when using a credit card: Hope This Tips about credit card debt problems will be solved.
Use as needed
Although facilitate you in every activity of payment, but not the credit card debt card. Therefore, use your credit card as a payment tool in the purchase of goods as needed.
Respond wisely promos and discounts offered. Do not be, you eventually forget and make credit card payments kewajban soaring.
Use installment
You may often see many promo offer for a credit card zero percent installment program. The program is quite interesting because you can buy an item just by installments and without interest.
However, installment offered zero percent, still calculate how much mortgage you have to pay each month. Do not let the mortgage and even add to the burden of your debt.
Remember other credit obligations which still have to pay.
Suppose you have a credit card limit of $ 1000.
Further, you buy goods worth $ 600 with zero percent interest for a mortgage for a year. By doing so, you have the obligation to pay the mortgage credit of $ 50 per month.
Zero percent of your mortgage is interest-free, but if you are late paying then there will be interest charges you have to pay.
Use reminders
Try to always pay your credit card bills before the due date. In order not exposed to interest expense, try to pay off all the bills and do not pay the minimum bill.
Facilities minimum payment on a credit card it only requires that you only pay 10 percent of the bill, but you will be charged interest for the next rest.
In contrast, if you do not pay the bill in full, the interest on the unpaid amount will be added to your bill amount. If forced to pay the minimum, try to pay two to three times more than the minimum amount available.
Limit ownership
Having a credit card with a high limit number, or have a lot of credit cards have low limits the number and reach of a limit that you want, where you choose?
It is better to first choice. Therefore, you have to remember when every credit card has a cost.
Therefore, if you have many credit card the more the costs to be paid.
Use it wisely limit
What is the limit as you want?
The answer would have been possible 'highest'. However, bank or credit card issuer has a reference to determine how much the limit to be given to someone.
Therefore, the limit will be given in accordance with the valuation ratio of credit you have. To avoid trapped in payment problems, you also need to be wise to use your credit card limit as needed.
Instead given a credit card limit of three times your income, then you end up spending the amount limit.
