Plastic: Handle With Care
- Author Shelly Evans
- Published October 1, 2010
- Word count 536
Since plastic credit cards were first introduced, they have no doubt dominated the market. Today, almost every one carries a credit card or two in his wallet. In fact, even high school and college students now have a credit card to spend with. But if there’s one thing that people must remember about credit cards, is that they must be used with utmost care and caution.
Why Handle with Care?
Credit cards do give convenience and ease for its holders. Anyone with credit card can go out and make a purchase without cash and just pay for it later. Shopping has never been so easy than with a credit card. It is a safer way to shop around without carrying a large amount of cash with you. In addition, credit cards also come in handy when unexpected expenses or emergency situations arise. With a credit card, one can make the necessary purchase or acquire services without the need to pay for them upfront. But despite all these advantages, we must never forget the risks.
Aside from being handy and easy to use, credit cards are also known for their high interest rate charges. For example, some credit cards impose a 15% interest while others charge even more. With 15% interest rate, an item that you’ve originally bought for $50 instantly becomes $57. Imagine how much difference these additional interest fees can make on your charges. Your debts can double or even triple within just a few months. Yes, if one isn’t careful, he or she can easily get stuck in serious debt problems because of high rate credit cards.
Apart from interest rates, credit cards are also accompanied by other fees and costs such as late penalty charge, annual fee, balance transfer cost, transaction fees, foreign conversion fees, etc. Add up all this costs to your account and you’ll realize that each time you use your credit card, you’re paying so much more than the original amount of your expenses.
This is why every credit card holder is advised to use their credit cards only for important purchases. Paying off your monthly credit card charges completely each month is also crucial to avoid those high interest rates. Submitting payments on time will enable you to save not only from interest fees but from late penalty charges as well.
For first time credit card holders and college students with student credit cards, knowing when and how to use their credit cards is a must. For instance, the use of credit cards when dining out or when partying with friends is a very dangerous habit. If you must use your credit card, make sure that you can afford to pay it back on time.
If you own two or more credit cards, it is wise not to carry all your credit cards with you. Bring only the credit card that you intend to use when the situation calls for it. Be aware of the terms and conditions for the credit cards that you own. Take note of your credit card payment due dates. Last but not the least, take charge with the use of your credit card and don’t let those plastics take control over you.
Shelly Evans is a freelance writer and loan consultant. The website http://www.badcreditresources.com offers resources that specialize in providing bad credit cards and personal loans for bad credit to people with bad credit.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- The challenge of Cholera today
- The Ultimate Guide to 3D Animation: From Basics to Advanced Techniques
- Strategic Equipment Financing: Simplifying Capital Investments for Sustainable Growth
- Transform Your Health Journey with Able's Online Weight Loss Counseling
- Are the Crocs' shoes good for your feet?
- Your Ultimate Guide to False Eyelash Types: Find Your Perfect Match!
- Discovering Lighting Stores in Brampton: Spotlight on Fehmilights
- Blue Pacific Financial Loans
- Why is SEO for businesses on the Wirral important
- Proton Mail In Vivaldi Email
- Email Deployment
- Search Engine Marketing: Unleashing Its Power for Your Business
- Squarespace email campaigns vs Mailchimp
- Squarespace email campaigns vs Mailchimp
- Commercial Cleaning Services in Auckland: A Deep Dive into Angel Cleaning
- What is CCTLD?
- Why Women of Color Need to Support Kamala Harris
- Email Extractor from CSV
- How to download Gmail email content into a CSV file.
- Is email marketing legit?
- How SEO Can Improve Your Business?
- Mitsubishi Electric proves heat pump compatibility with microbore pipework
- Polio: Doctors Struggled to Advise the Public Correctly.
- What makes the city of Melbourne such a unique place?
- What is the role of the Royal Society of London?
- Festive Decor with a Global Twist
- Mixer of Styles, The Boho Mid Century Farmhouse
- Explore Cape Town: Group Cape Town Tours With a Private Shuttle
- Exploring Airbnb Cleaning Service in Auckland: History, Trends, and Future Implications
- Chauffeur Car and Driver Hire Services in Cape Town