Golden Rules For Using Credit Card

So guys today we are going to talking about credit cards. There are amazing benefits to have a credit card holder. But there are many disadvantage also if not used credit card wisely. So let's talk about some pro and cons of credit card.

Benefits
1. Convenience
2. Builds Credit
3. Rewards Points

Disadvantage
1. Inflate Lifestyle
2. Fees
3. Interest Expense

Let's see Golden Rules for Using Credit Card

1. No Budget, No Credit Cards: Credit cards are powerful tools to make our life easier not inflate our lifestyle. So never go over limit on your cards. Use wisely, make a plan for it and then expense.
2. Always Pay The Dues In One Shot : As we all know there are many ways to cut down monthly budget by simply paying a part of your total dues. Never do that. By doing this you have to pay interest on renaming amount.
3. Auto Payments: This is the best service given by credit card companies. You can make a list of your bill payments and schedule them date wise. By using this option you never miss any of your payments like, electricity bills, phone bills, gas bills etc.
4. Keep a List of Auto Payments: You may change bank, you may change cards. But play safe and make a list and keep safe your Auto Payments list as that will become an easy option when you change your bank.
5. Pin : Always keep secure your card with a unique pin. Never share that pin with anyone and avoid misusing of your credit card.
6. Always Pay Through Your Credit Card : Don't inflate your lifestyle. But try to use your credit card on most of the places like, malls, petrol stations, restaurants etc. It's because when you do this, it improves your credit score, it gives you reward points.
7. Report Lost or Stolen Card: If you lost or someone stolen your credit card, never waste time. Call immediately to credit card company and tell them to block your card asap. It avoids misusing of card.
8. No Annual Fees: Try to use cards which don't have annual fees. As there are many companies which gives you credit cards for free and not even charge annual fee. It's an extra expense on your pocket so try to avoid it.
9. Destroy Your Old Cards : Never keep your old cards with you. Cut them, Destroy them and be safe.
10. Review Your Expense In Real Time: There are many apps for monitor your expenses online in real time. Use some good apps like mint etc to keep tracking use of your Credit Card. It also secure you from fraud.
11. Pay Your Credit Card bills On Time: Always pay your credit cards bills on time to avoid late fee on your card. It protects you for late fee and other hidden charges.

So guys we think this will helps you lot to use your Credit Card wisely.

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