Advantages and disadvantages Of Credit Card
First cost much more than other forms of credit
, as a series of credit or a personal loan if you do not pay on time.
Second Damage to your credit rating if your payments are late;
Third let's build more debt you can handle;
Having Fourth difficult conditions;
What is a credit card?
A credit card is more than just a piece of plastic, is accepted worldwide in the first place is a flexible tool for the payment of 30 million sites, and if the card balance is paid each month , then no interest is charged on the purchase of such form, is essentially short-term credit without the consumer gives the interest payment.
Among its many features it offers:
1. access 24 / 7
2. Access to unsecured credit (no guarantee against invoiced amounts required)
3. immediate payment of purchases, so for the immediate preservation of the goods and services
4. payment without interest from the date of purchase until the end of the accounting period
5. Fraud Protection
But before you decide to use your credit card to carefully consider all factors and weigh them against your needs and personal values.
What should be checked with a credit card?
Dealing with money and credit cards is a talent wise, just a few of us are born with. But it is a skill that can be learned easily. The starting point is with the budget.
What is a budget?
It is simply an organized way of managing their finances, in essence, gives a complete picture of your money is when he comes, and how it has been issued. A budget must be flexible, changing according to circumstances.
Why budget?
Budget time helps us in meeting short-term goals such as paying monthly bills, which is also buy financial targets in the longer term, like a house, a car, pay for education
a wedding or a holiday. If you take control of their finances, they are more confident in the future.
A budget is the key to
financial control. It gives a "Polaroid" their financial situation and where you want to go.
Credit Control Advice
Use a card with low or no credit rating and save the annual fee that some companies charge.
Just for your credit card, you can pay in full when the bill comes for free.
You may not use your credit card whether you think you pay for your total balance at the end of each month to start.
A good way to help reduce what you pay on your credit card is to look for a card with a lower interest rate. Many financial institutions now offer at least one of these types of cards.
Remember that if you take an advance on your credit card, interest begins to accrue immediately and not to the date of expiry of his credit card.
Also note that if only the minimum monthly payment you can never get out of debt.
Advantages and disadvantages Of Credit Card
By: Alice Ramadhani
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