Top Ten Credit Card Tips
- Don't fall into the trap of just paying off the minimum balance. It can take many years to pay off simple debt this way.
- Many store card have very unfavourable rates. Check out the details of the cards before buying
- Never use one Card to pay off another. Instead sit down and work out your monthly budget sensibly.
- Don't use your credit card as a Cash Advance when there is no Cash advance coming. Use it as a way to get Cash up front which you do have access to later.
- Be careful and suspicious of Credit scams where you have won a prize
- Never let your Card out of your site. Insist that the Card is verified within your sigh so it can't be cloned.
- When you are traveling abroad check the hidden charges, if any
- Clear your monthly bill, if you can
- Be wary of consolidating debt on your Credit Card as it may be very costly unlike a regular loan.