Tips On Managing Credit Cards

Tip Pengurusan Kad Kredit
HOW TO PAY OFF CREDIT CARD

• Stop charging your credit cards
• Pay cash for items you must buy.
• Rank the cards in order of the interest rate charged and use your disposable income to completely pay off the card with the highest rate.

HOW TO USE A CREDIT CARD

• Completely pay off the bill every month.
• Remember that a credit card is NOT the same as free money
• Keep only one or two cards, not the usual eight or nine
• Charge only what you can afford to pay back- avoid living beyond your means
• Shop around for the best interest rates, annual fees and service fees (preferably none)
• Pay off the debt each month, or at least pay more than the minimum
• Still have problems? Leave the cards at home or simply put them in freezer