Plastic Is Fantastic But Pain Can Be Quite Real
Convenience.No word better explains why so many people have a credit cards in their wallet.It makes it easy to shop at thousands of stores across the country,perhaps even abroad.Its magic numbers let you make purchase or pay bills online.
Minimum Payment,Maximum Pain:
Welcome to the mad world of credit cards.Sure,they are convenient tool,but in the hands of reckless spenders,they can become weapons of self-destruction.If you start rolling on your card and continue your spending habits, you are sure to find yourself in a financial mess.
Make the most of the free credit period:
Credit card billing cycles are usually 28-31 days.There is usually an additional grace period of 12-18 days.This means you have a total of 41-50 days to make a payment.For example if your monthly billing cycle begins onJjune 15, and the payment due date is August 10,the bank will not charge any interest on your transaction during this cycle.You maximize your profit when you use the card in the first week of the billing cycle because you get a longer interest-free credit period. so make the most use of the free credit period.
Perks For Careful Users:
Being a good customer has its advantages,Apart from the bonus points you would earn,the card issuer is more likely to give you preferential treatment “Many credit card companies waive late payment fees and interest,depending on the customer’s payment history.
