How not to pay for a credit card

Posted: August 17th, 2013 | Author: | Money

First of all, I want to point out that we cannot avoid debt. Here, we describe common ways that will avoid fees that apply to an interesting and quite difficult product which is the credit card.

Ed Yourdon / photo on flickr

Ed Yourdon / photo on flickr

To begin with, they actually threaten us fees for holding credit cards. The basic and most frequently we are only charged for the possession is. It ranges from several to more than a hundred a month. However, it can in most cases be avoided or at least reduced.

To do this, we have to generate a turnover while using the card. So it is best to use it to pay in stores, and pay off the debt in a timely manner with your main account. Be careful not to spend too much. Even though the card may have a limit on the example of 10 000 pounds, then keep in mind that you have to pay and then it is best before you start charging interest.Turnover what we need to develop to be exempt from the fee varies. Sometimes a specific amount or number of transactions in a given time. It should be noted, however, whether belong to the transfer credit card. In general, they are not and the only means of marketing to generate credit cards in stores (and online, as long as we pay by card, not a transfer).

Other charges which concern us are the interest. These are very easy to avoid and generally it will take some time before they are charged. So we can go ahead and bring your account up to the level of negative and before interest is charged to reset it. However, one should know exactly when to do it, the exact dates, please contact your bank. The last charge which can and must be avoided payment of interest for money from an ATM. Some people do not know this, but the withdrawal of money from an ATM using a credit card interest rate is very much like a cash loan, which is very high. If indeed this is not an absolute necessity, we should not do this.

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