How to Wise Use Of Credit Card

Credit card offers and the ease of applying  application to invite the community to have a credit card. some people argue that now do not have a credit card means obsolete. However, a person who has a credit card should already be familiar with the rights and obligations of the credit card holder.

If customers know their rights and obligations as card holders, surely customers will not have difficulty in paying their credit card bills. But most of the people we already perceive as credit card debt card, not a plastic card that can be used to facilitate payment. Customer behavior like this makes accumulating debt and difficulty in repayment.

Some of the advantages credit card holders:

1. Discounts on certain merchant
2. 0% interest for the purchase of goods or services
3. No need to carry large amounts of cash
4. Knowing the interest credit cards for shopping
5. Obtain billing information complete and accurate.

Credit card holder's obligations:

1. Paying the annual fee
2. Settle the claim prior to maturity
3. Pay interest on your credit card if the customer does not pay the bills before the due date
4. Pay interest on the cost of the seal
5. Pay a late fee or penalty.

Indeed a credit card is a high-risk loans because the loan does not go through the usual conditions apply, such as have no guarantee and easy process. Therefore, banks charge interest rates high enough to compensate in the event of a write off due to default.
Bank card issuers sometimes not transparent on the imposition of interest credit card, bank and even be able to apply methods of calculating compound interest or compounding interest. If the method is used then the customer will eventually balance the greater debt.

So as not to cause a problem with a credit card, here are the things you should consider:

1. Make sure if you use a credit card, you already have a sufficient balance to make purchases. Do not until you actually do not have any money but forced shopping with a credit card.

2. Make sure you pay in full before the due date and your credit card bills. That way, you will not be exposed to interest on your bill.

3. If you are unable to pay off some credit card bills, you should stop the use of credit cards. Furthermore, the burden of paying off quickly or gradually pay credit card bills or the highest interest rate is greatest when the flowers together. Please note, this payment must be above the minimum payment and the same amount each month until paid.

4. Use a credit card for transactions instead to ease debt card. Because you are going to buy services are more expensive than buying direct

5. Do not swap credit card debt by using a debt guarantee. Debt guarantees have consequences you will lose assets if you can not pay your debts.

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