How To Avoid Getting Into Trouble With Credit Cards
All credit cards have a certain limit on the amount of money that you can spend. Make sure you do not exceed this limit and only use your credit card for financial emergencies. Exceeding your limit can be detrimental in the long term, as you will not have the credit flexibility necessary to weather a bad financial situation.
If you are shopping around for secured cards, stay away from prepaid cards. Prepaid cards are essentially debit cards, so your activity with them does not improve your credit. They do not offer any advantages over a checking account and may charge additional fees. Place a deposit, and try to get a secured card that will help you improve your credit.
Do not use credit cards to buy items that you cannot afford. Just because you can use your card to get a new TV doesn't mean you can afford it. You will end up being charged lots of interest and you may be unable to keep up with the monthly repayments on your credit card. Leave before buying anything, think it through and then return if you want to buy it. If you are dead set on buying the item, ask the store if they can beat your credit card's interest rate.
http://farm9.static.flickr.com/8340/8187186794_fb9f283d6f.jpg" align="left" style="padding: 10px;" width="284" /> บัตรเครดิตกรุงศรี Remember, any credit card you're using is borrowed money. It is simple to forget that and end up overspending. Your debt will catch up with you, and you can find yourself underwater financially if you don't have the money to pay up. If you can keep in mind that you are taking out a loan when you use your card, you may find it easier to resist buying things unnecessarily on credit.
Never use your credit to buy things that are out of your price range that you cannot pay off. It is okay to buy something you know you can pay for shortly, but anything you are not sure about should be avoided.
Don't use 0% interest rate cards. Even thought that looks great initially, that often encourages consumers to keep spending and to overspend. After the introductory period is over, the interest rate can skyrocket and cost the users much more than they had anticipated.
It does not necessarily make sense to accept limited periods of low interest when selecting a credit card offer. It may seem as though you are scoring big, but the fact is that you may be making a costly error.
There are many benefits to having a credit card, including increasing the amount that can be spent and changing a consumer's overall life. If use the right way, they are very helpful; when used poorly, they can cause a lot of headaches. This article has contained some valuable advice that can help any consumer to make educated credit card decisions that enhance their life and prevent credit pitfalls.