Credit cards - Avoid these things!

It is true that using a credit card is easy and really helps us. However, if you're not careful, you might get stuck in debt. Here are 6 things you should avoid in order not to fall into credit-card debt.

1. Only pay the minimum payments.
Credit card issuing bank's payment policies provide a minimum of 10% of the total bills. But, it is better you should not only pay this minimum amount, as this will prolong your credit card bills payment.

2. Late in paying bills.
In addition you will get a late fee, this will also affect your credit history.

3. Having too many credit cards.
By using too many credit cards, you have the possibility to accumulate debt. This is because you cannot trace the use of credit card transactions.

4. Cash withdrawal with credit card.
Withdrawal transaction is usually accompanied by high costs. So you should avoid this transaction.

5. Buying things beyond your ability to pay.
If you currently cannot buy the goods, then it is likely you will not be able to buy it tomorrow, or next month. If you do not make a limitation of your desires, it would not be surprising if you are stuck with credit debt that you are not able to pay.

6. Using the card to near the limit.
Imagine if you are in urgent need of your card, but it cannot do the transaction because it has passed the limit. Therefore, you should always check your card limit.

By avoiding the above, then you can avoid credit card debt.



[image source: www.telegraph.co.uk]

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