How To Avoid Credit Card Fees and Charges
Credit cards are growing even more popular these days. Considering that online shopping is already around, there is no better way to pay than through the use of such plastic money. Furthermore, people are already going through some difficult financial times caused by the unstable economic situation of the many countries today which even makes the credit card one’s best friend. In times when funds cannot suffice, swiping it gives purchasing power for individuals. However, it is not as friendly as many people keep telling themselves. After all, credit card providers are business entities; thus, their goal to earn some profit.
So how does one enjoy using it without suffering at the end of the month when the bill comes? Here are some simple yet logical tips to avoid credit card fees and charges.
1.Take note of low interest credit cards. For those who do not yet know, credit card issuers will set an amount that that should be incurred by the card holder called the credit limit. It is wise for one not to max out this limit so that there will be space for more purchases especially during emergencies. Furthermore, once the card has been swiped, it would be best to pay the entire amount or outstanding balance within a month so that the interest rate will not be charged. Otherwise, the interest rate will be applied which can be very expensive.
Additionally, there are low interest or zero percent interest rate cards where the interest rate is waived by the card issuer. This is quite useful; however, card holders are warned that many of these are only valid for a certain period of time.
2.Consider hidden costs. When banks offer you cards that have low interest rates or zero percent interest rates, you may smile at the idea. However, one has to be careful to look closely into the terms and conditions as there may be hidden costs or clauses or charges. For example, take time to ask the length of time that the card does not impose interest. Also, it would be worth it to ask if the interest rates would increase after a few months. Or, ask if there are any annual card charges.
3.Watch what you buy. No matter what promos or special offers credit cards have, these will not make any difference if the card holder’s spending is out of control. The most important factor for keeping a good credit standing is to watch out for the things that are brought. One must buy only within his means and should religiously pay for all the charges and balances the card has.
Indeed, it is important to keep a good credit score because this is usually the basis used by banks and other lending companies as to whether or not they will loan a person.
Cash Advance is the answer to a bad credit history
Cash Advance recognizes that there are people who may have made wrong moves in their lives. That is why as Australia’s leading money lender, it does not discriminate applicants based on their credit standing. Though credit checks are done, approval is still high and possible because it believes that every person deserves a second chance even financially.
By logging on to www.cashadvance.com.au, filling out the application form, and submitting this to the credit evaluator, instant cash will be on its way in less than 60 minutes from approval.