Credit Card Articles
Dos And Donts Of Credit Card Game.
Dos and don’ts of credit card game.
Credit card companies open to make money from the service they are rendering for their customers. Though they are always happy if their clients have good credit rating, but they are not always happy when you pay off their credit card balance each month.
Their wish is that you always carry balance every month so that they can charge interest on your account. Because of this reason they are responding by becoming more creative at finding ways to make money off you.
So there is need for you to be a smart customer so that you did not fall victim as it can end up affecting your credit rating. In this article we will look at few ways you can escape their financial trap.
Make sure you read information you get from your card issuing company.
Read every form you get from potential card company.
Also, make sure you study the bill and every other information you get from your credit card company over time because they can change their terms of your card agreement with as little as 15 days. And if you are careless to take note of this it may end up affecting your credit.
Make sure you avoid late payment of your fees. If you make late payment you can be subjected to larger balance on your account and your card issuing company may hike your interest rate as a result of this.
Avoid carrying balance every month because you will end up paying far more than you should for everything you charge to your card.
Make sure you pay for everything your charge within the grace period, if there is any and you will not fall victim of high interest rate. Failure to do this will lead to accumulation of debt, which will end up spoiling your credit report if you are not careful.
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