Check these credit card management tips.
Do
- Pay off your card balances each month
- Look for competitive credit card interest rates
- Pay the full balance, or as much as possible, every month by the date specified on your statement
- Keep a record of any Phone or Internet credit card transactions and keep receipts until the statement comes in
- Be aware of your credit limit; consider a personal loan if you are carrying a balance regularly
Don't
- Be tempted to sign up for a card purely on the basis of the loyalty or rewards scheme
- Use your credit card if you can't manage repaying the debt in the near future
- Be tempted to increase your credit limit if you are building debt
- Make too many cash withdrawals from a credit card as charges may be higher for these direct transactions
Questions?
If you have any questions, please contact us
