Already on ArticleSlash?

Forgot your password? Sign Up

3 Critical Credit Card Tips

 


Visitors: 133

There is no doubt that credit cards are popular. The reason they are popular is because they are so convenient to use. In actual fact not having a credit card can be an inconvenience.

Due to the fact that they are so convenient one should use them with caution.

Tip Number 1

Do not if at all possible fall behind on your payments. This can really get out of hand very quickly. Before you know it your balances will be getting bigger and bigger, hence more difficult to pay off.

Then the interest rate on your card will no doubt increase making it even more difficult to pay off. That is where you will begin to have serious financial problems.

Tip Number 2

If you find that you interest rate is increasing or that it is high, then immediately transfer your balance to a zero percent card.

You have to be careful here again. Do not let this give you a false sense of security. Your goal should always be to pay it off and not just move the debt around so as to buy time to make payments.

Tip Number 3

Basically you want to avoid high interest cards altogether. If you have a high interest rate like 19% coupled with a high outstanding balance then you will be doing nothing but paying interest, especially if you are just making the minimum payments.

So be smart about it and don't fall victim to their enticing sales pitches.

In conclusion, credit as mentioned can be very convenient and very useful, however it can be dreadful if not managed correctly. I humbly suggest that if you cannot manage it that you avoid credit altogether.

Learn everything you need to know about credit cards so you can get the best Credit Card Deals Starting Today!

Lots of Free Information to help you make the best Credit decision.

http://worst-credit-cards.com/

(346)

Article Source:


 
Rate this Article: 
 
Credit Card Debt Solutions - Legal Ways to Eliminate Credit Card Debts
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

A Free Checklist of Critical Things to Look For in a Debt Relief Program - ..

by: Matt Couch (December 13, 2009) 
(Finance/Debt Management)

Credit Card Debt Tips - How to Capitalize on Federal Stimulus Money For Credit ..

by: Matt Couch (November 23, 2009) 
(Finance/Debt Management)

Quick Tips For Credit Card Debt Reduction How to Eliminate Credit Card Debt Fast

by: A. C. West (July 20, 2008) 
(Finance/Debt Management)

Your Credit Cards May Be at Risk - Few Tips to Prevent Credit Card Theft and ..

by: Bernard Pragides (April 12, 2007) 
(Legal)

Tips for Choosing Among Credit Card Offers When You Have Bad Credit

by: Mario JP Churchill (July 16, 2007) 
(Finance/Credit)

Credit Card Application Tips for People With Bad Credit

by: Mario AL Churchill (June 04, 2007) 
(Finance)

Credit Card Fine Prints - How They Affect The Intro Apr, Annual Fees And Credit .

by: Duran Mueller (May 29, 2007) 
(Finance)

Benefits Of Using A Credit Card Debt Consolidation Agency To Manage Multiple ..

by: Duran Mueller (June 07, 2007) 
(Finance)

Tips For Responsible Credit Card Use When You Have Bad Credit

by: Blake C. Hendrickson (June 06, 2007) 
(Finance)

Credit Card Debt Solutions - Legal Ways to Eliminate Credit Card Debts

by: Matt Couch (March 25, 2010) 
(Finance/Debt Consolidation)