Mistakes when using credit card you should avoid

Open too many credit card

A bad habit of ATM card affects using credit card. So the company changed the Bank paid, free programs released cards much ... should the person along at nearly a dozen ATM card is normal. However, with credit cards, if opened too much would be a great trap for every user because it will affect your wallet.



Under the leadership of a Bank, each person should only have a maximum of 2 credit cards. Besides, the credit-rating criteria important to the Bank can borrow money credit card debt help from the now-will not good if the Bank knows you open too many credit cards.

If granted the large limit, you simply open a card. Should not because hearing the advertising "free", "free" annual ... of the Counsellor that talk for themselves. Besides, the annual fee is often just the first year and free of charge services related to credit card of any bank is often more expensive than conventional credit consolidation.

Don't remember payment date

Because never have to pay back the money spent for Bank ATM cards so many people often forget the payment schedule when using credit cards. Deferred charges is never low. Not to mention, the interest will start to be charged with expenses during the month.

More importantly, you'll be jumping group bad debt if the unpaid balance of the debt limit to a minimum in the period. So, to remedy the situation, so to remind on the phone or credit consolidation, payment initiative as soon as wages, there is earnings.

Cash Withdrawal

The main role of the credit card is not a payment to the cash. However, not a few people still forget to stir this despite all the publishers are charging cash quite high (from 3-4% of the amount withdrawn). Not to mention, this money will be viewed as personal credit card with interest calculated from the time of withdrawal.

However, also does not exclude some people open the only credit card to withdraw cash, despite the fee is very expensive. This credit card consolidation loan should only be used in the case of finite by will make you easily fall into the spiral of debt.