10 useful credit card tips
Here are 10 useful credit card tips
1) Read the fine print for sneaky default rules. This can be to do with interest rates, late fees etc.
2) Keep your eyes open for changing due dates. They will do this to make you pay late without you knowing, so that will incur a late payment fee to you. If you change card limits the payment fee might be different.
3) Don’t purchase credit card insurance as it is usually an expensive insurance policy. Although it stops payments when you are injured, It is still very dear.
4) Get rid of annual fees. – just call the card company and ask for removal of the fee. Or Threaten that you will cancel their card with them, that should make them do it.
5) Try credit unions for getting cards as they can have better rates.
6) Pay your payments on time. This will make sure you build up your credit file. Missing a payment can cause a dent in your credit file.
7) If you have a late fee for the First time, ask to have it removed. Some credit card companies will do this, Just phone them, it’s worth a try.
8 ) If you have many cards pay them off in minimum payments but Pay off your highest interest cards first to reduce credit card dept. Once that one is paid off then go towards the next highest. This is a good strategy to get rid of your credit card debt, and works well.
9) Don’t pay the minimum payment, but in full each month.
10) If you have checks with your cards use those with care as there might be high balance transfer fees, which can be high if you are transferring a large some.
