If I go to the street and make a question that do you have credit card to the passages, I bet 90% of the people will give a yea-saying. It's a truth that credit card bring us numerous conveniences to our life, as well as debt.
1. Make a cautious thinking on whether it's necessary for you to have a credit card
Well, I'm not out-dated person who is against the civilization. What I want to point out is that the credit card benefits the banks most while not you. If you're not a highly self-disciplined person who knows how to arrange your money, it's recommend that you should not have a credit card. By using cash, you may have a stronger memory on how much you spend and more thorough understanding on how to control your financial situation.
2. Give a right attitude to credit card
You really like using credit card for its convenience and abundant money in it. However, have this occurred to you that till the credit card bill reached you at the end of the month, you suddenly realized that you bought a lot useless home? A fact you usually neglect is the money in the credit card account is the money you earn in your future days, which means you should pay at least that amount of money if you use credit card.
3. Make a balance sheet and shopping list before using your credit card
The golden rule for using credit card is "sense". You should bear in mind that what you should buy and what should not before you go shopping. Make a shopping list and bring it with you to the shopping mall to avoid insensible spend. Also, you should make a balance sheet on your financial situation. For example, if you want to buy a coat of US$200, you should have a think of your balance sheet to check out if it’s sensible for you to do that.
4. Clear your credit card debt as soon as possible
A routine for banks is that they usually enable users a short period of free of interest, which means that if you pay back the money you spend in the contracted date, no interest is charged at all. However, if you fail to do that, the interest banks charge are much higher than the loan rate at the corresponding period of time. So, if not in emergency, clear your credit card debt as soon as possible or you pay more.
5. Take advantage of the special offers given by banks
To stimulate the consumption by the customers, banks usually issues some special offers when and then, for example integral, cash back or enjoy a service for free. And if you are under an excellent financial situation and in accordance with the term bank required, you can take advantage of it and enjoy the service for free.
No matter whether you have a credit card or not, or whether you are considering to have one or not, the thing you should bear in mind is that treat the money in your credit account as that in your deposit account and think more a while when you want to use it for purchasing.
