golfduffers Blog 신용 카드에 대한 5가지 신화를 믿으면 성장하지 못한다

신용 카드에 대한 5가지 신화를 믿으면 성장하지 못한다

The invention of credit cards was a giant leap forward for humans. People around the world use their bank cards for all forms of purchases and payments. The bank cards give the people, the freedom of buying what they want, without needing to be determined by their bank balance. Credit cards are used by lots of people in cities and towns around the world. It’s true that a credit card can be a boon as well as a bane concurrently.

At times, people have no idea how to effectively manage their credit cards. This is the reason, their credit score is severely affected and they find it hard to acquire financial the help of banks and other lenders. In order to make sure that your credit score is not affected, you should effectively manage your cards. You should be careful about making payments and using the card for just about any purchase.

When you make your charge card payments on time, your credit score improves and you can obtain higher amount of credit. However, if you fail to make the payments on time, your credit history is negatively affected and you’ll not get any further credit from finance institutions. Below are a few important tips which can only help you in effectively managing your credit cards:

1. Plan your purchases

Before purchasing or buying any product, determine if it is essential to buy it. You need to make a set of your priorities and stick to that so as to arrange for the money needed to pay your credit card bills. At any point of time, make certain you usually do not purchase something very costly as it can make you cross your monthly budget or the credit limit on your card.

An effective way of way of planning your purchases would be to make a grocery list. At the start of the month, make an effort to make a set of things you need to get with the card and stick to that list as much as possible.

2. Always check your statements

Check your statements monthly as the statements will assist you to understand your spending pattern. Predicated on your observation, you can test to avoid unnecessary purchases. Also, checking the statements can help you in knowing the minimum payment due for a particular month, so that you could make that payment promptly and avoid extra charges or fees.

You can easily check your statements online, and you may also use your smartphones to help keep a track on your card usage. Mobile alerts can be very helpful in ensuring that you do not end up paying more than everything you are supposed to, by using your credit card for just about any transaction.

3. Try to make full payment

Try to make full payments, whenever possible. Once you pay your bank cards completely and within the due date, there is no need to pay any interest on the billed amount. Besides, paying the credit card balances in full can help in improving your credit score. Even if you are not able to pay your credit card balances in full, it is best to make sure that you pay the minimum amount due, within the due date.

Apart from saving a substantial amount of money on interest, you will also be able to improve your credit score and boost your likelihood of obtaining more credit down the road.

4. Keep a track of supplementary cards

At times, you might forget the proven fact that you have provided supplementary cards to your loved ones members and these cards are linked to your charge card account. Just how these cards are used can have a direct effect on your credit card account. Hence, you should keep a track on them and also ensure that the transactions completed with them are covered within the payment due date.

Besides, you also need to keep a tabs on these cards to enable you to ensure that the credit limit of your card isn’t exceeded. If it is exceeded, you will end up paying an over limit fee along with other hefty charges.

5. Look out for promotional offers

Why pay more when you can obtain the same product by paying less? Be considered a little smart when using your plastic money and ensure that you utilize the variety of offers and promotions supplied by the card issuers from time to time. These promotions can provide you with usage of discounts, deals and privileges across different segments such as dining, travel, shopping and so on.

You can not only spend less through these promotional offers but you can also enjoy a range of other exclusive privileges that may enhance your connection with using a charge card. Make 현금화 go to a website where you can find information about such promotions to be able to take full advantage of them.

6. Make multiple payments in per month

Don’t simply limit yourself to making a single payment within the payment deadline every month. Instead, try to make multiple payments although you may pay small amounts. 카드깡 ‘s been observed that the charge card issuers and the credit bureau tend to send payment reports more often than once every month, when there is lots of payment activity in an account.

Once you make multiple payments you make sure that the lot of positive information regarding your charge card usage is being delivered to the credit bureau and in the process your credit score will receive a big boost. For instance, if the minimum payment due for the month is S$1500, do create a payment of S$1500 and after that also make other amounts in exactly the same month.

7. Avoid cash advances

You will be provided with the feature of withdrawing cash together with your credit card but you should avoid utilizing this feature. Once you withdraw cash with your card, you will end up charged a advance loan fee and you will also not get any interest free period to make the payment.

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