5:51 pm - Friday December 15, 2017

Advanced Money Saving Tips on Your Credit Cards


It is obvious that when you go for shopping in the weekend. You will be having a credit card in your pocket. And you did all your shopping using it. Isn’t it?

Well, the next big thing that will drop down at you office table is a big bill with high interest charges. You may have two credit cards – one for paying off any balancer transfers at 0% interest or low lifetime interest rate that will not rise actually.

But do not be fooled so easily with the notion of 0% sleigh, nearly all credit cards are going to offer you with it. But you need to pay off all the cheapest debt at first.

With all these concepts to work around you in a trifle manner, you too can adjust yourself accordingly to save money on your credit cards. Eager to know how, and then let’s begin:

You Can Try No-Frills Card

If you do not like to repay your bills every month, then do avoid the frills that comes every month with your credit cards, like air miles, cash back etc. the interest charges that you pick up on the way by not paying out your bill in most cases you are going to obliterate the financial rewards.

Instead, you can check out their best credit card deals online, which supports with a long list of best buys like balance transfers and the best general purchases at the same time.

Avoid That Minimum Monthly Repayment Mode

If you opt for those minimum repayment plans usually ranging between 2% to 5% of the debt then you will be spending a lot on the interest repayments because you are going to pay the cost of a credit grossly over an extended period. If you can bare the minimum amount, then try to cut your spending and try to put the money saved towards credit card debt.

Do Keep the Credit Card in the Wallet When You Are Abroad

If you buy or do your shopping using the credit cards, then the cost of the price you pay in foreign currency back into sterling can add up to average of 2.75% to the price of that particular souvenir.

Well, don’t think that all cards are going to charge you with such heavy penalties, but some might do.

Never Put Your Credit Card in an ATM

If you are not in an emergency then it is advisable not to enter the credit card in an ATM. You need to pay heavy penalties for it. You are going to pay a gross amount of APR from the day you think to take out your cash, apart from the purchases on the card where you are able to get an interest free period or coverage.

Scale Up Your Credit Rating

If you are, having a poor credit rating then be sure that you will be charged with a higher rate of interest. Your credit rating is increased if you have a home, a landline connection, do not get defaults in any other credit payments. This shows that you can manage your credits such as personal loan repayments or store credits without any kind of problem.

You may get a little change in your financial state if you apply these changes it is better to try and see what is better for you.

Author’s Bio: Tiffany Grunt is an outreach expert and is closely associated with reputed customer call center services. She focuses on their services like lead generation and telemarketing and narrates how it helps business in number of ways to retain their brands in market.

Filed in: Credit Cards

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