The main reason some people use more than one credit card is because of practicality and simplicity. Credit cards not only to facilitate you to shop alone, but also very handy when you pay the hotel bill while you're abroad.
Your credit card will be a problem when you do not have self-control in using it. So before you have a credit card, it is very important for you to understand how to use a credit card with a smart way.
Credit cards are one form of the loan account that can be used continuously within a specified time period. So it's important to remember that the credit card user is the borrower. For that make sure you have good self control for the wise use of credit cards. Because after all is a credit card debt. There are some disadvantages and advantages in using a credit card.
Advantages:
You will not be charged interest if you pay your debt until paid off under the grace period.
Able to simplify the recording because the credit card company will send a report to your account.
By using the credit card you will feel very comfortable and can be used at the time did not have cash at the time of unexpected needs.
Have a lower risk when compared to carrying cash.
Credit cards can be used throughout the world due to the issuing bank has cooperated with the international financial network that is recognized throughout the world.
Provides a very broad because at the time of the issuing bank has been working with several merchants to provide special discounts with credit card.
Weaknesses:
You will be more likely to shop more with credit cards so that your consumption rate will be higher.
Credit cards have high interest rates. So you have to pay a higher interest rate for unpaid balances.
Tricks:
We recommend that you keep your credit card for payment by installment system. Do not want to be stuck to always rely on payments by card credit, if you can only pay the loan installments.
We recommend not buying daily necessities with credit cards because you will feel addicted and then you will be stuck with consumer debt. Pay with cash for your daily basic needs and save your credit card in the house.
Always pay your bills before the due date to avoid interest.