What’s a gold rule? A rule is a rule, but one that if it is followed, it is going to be in your advantage! Every trick and tip comes in handy, because credit cards are a terrain when it comes to credit cards! If you’re not careful where you are stepping on, then you might get hurt!
- Do not draw money from the ATM with credit card!
Yes, we’ve mentioned that one. And yes, we will keep mentioning it until it gets clear for everybody that most often than simply withdrawing money is an action that is incautious. Pupils have a lot of”demands”. They think that they have, and because we have already experienced that experience, we must tell you a little piece of advice…all the things you believe you’ve cared for with some money money will chase you another month, once the announcement will soon be knocking at your door (or at your parent’s door…ouch!) Like crazy, overwhelmed by the interest rate! So when you’re standing with the credit card in one hand and a blouse that you intend buying, drop the
- Beware of this grace period!
Financial non-banking institutions and Each of the banks possess a grace period afferent. Through the grace period, the bank does not charge any attention for your used credit, until the conclusion of this, the customer is reimbursed with the total sum along with the taxes and commissions.
Of course we have an easier to cover alternative, because we know that you’re a student and you are sick and tired of explanations. Here’s how to do things in a more efficient and simpler manner: Each bank has a grace period and you ought to pay attention. Consult your lender that’s the grace period and make a note on your calendar, writing down what’s the interval.
This feature can be quite helpful if you run out of money, if you want to do some shopping or pay some bills. Be sure get back the cash and that you go to the cashier in time. Do cheating even attempt ! You’ll wind up being the one that is cheated!
- Refund more than the minimum settled amount
For credit card loans, the banks generally require the borrower to return a minimal sum each month of the amount borrowed (anywhere between 5-15%) and to cover fees, charges and interest, which include from cash put first.
The further you repay, the less interest. If the amount isn’t repaid, the bank applies a penalty interest rate of approximately two times higher than interest.
Be confident that you’ve got this one covered. Because your money is going to be saved and you won`t need to spend unnecessary amounts on huge rates of interest, and secondly because taking care of this kind of facets will build you as a grown-up, responsible and mature person. And most of us want that, don`t we?
- Charge cards cost moneyeven if we do not usethem…
Credit cards are indispensable. They are an easier way to pay on everything and look after your expenses at the month’s close. Nonetheless, you should understand that credit cards are an expense when we don`t use it much. Here’s how and why!
Credit cards have a government fee, yearly or yearly the one available. So if you still have or want to acquire a credit card to use while going shopping or at critical times in the University quickly set the money back.Another fantastic advantage of credit cards is buying products in installments without interest, when promotions with banks or retailers are available. Attention, monthly prices are distinct from the amount to be reimbursed and has to be paid at the moment.
- Don’t get yourself a few credit cards!
If you understand yourself as being an oddball, a spender or using havingan income that is unstable is just another card in your wallet! Don’t be tempted by those promotional or bonuses interests. Ask yourself: do you need to get an excess care and temptation?Credit cards are useful tools for loan and payment. Their ease has two edges and a high price. Two loans, and therefore, if you start your student life with two credit cards, what will happen next, when you’ll have to build a home, a business and a life? You can`t just begin your daily life relying on loans! Credit cards should be used in unusual conditions, you actually need some cash and there’s n`t elsewhere to find that money from, when. Bear that in mind and what will make simpler and relaxed!
- Be cautious about all the bonuses on the market!
Some cards are offering extra points or bonuses for specific expenses. Do not be duped! In case you have enough money not to risk anything, go shopping!
But here’s the situation: Let us say that you buy clothes summing a few hundred dollars, animated by the 2% reduction. If in the end of the month you will not be able to pay the fee, the interest you will pay the bank will be much greater (at least twice ) than the bonus. You know what they say: In life everything expenses! Not if you follow our rules though….