5 Credit Card Ideas to Consider Before Getting Or Using A Credit Card

These credit card ideas will help guide you in the right direction when applying for a credit card or using a credit card.

Most people decide to get a credit card at one point or another , but do not always plan well when doing so. If you want to stay out of the credit card rat race, then apply the following ideas and you'll be well on your way.


Wait to Get A Credit Card

Here is probably the best credit card idea of all! Hold off on getting a credit card for as long as possible! I know that it is tempting , but it is nice to know that you don't owe anyone and that what you possess is bought and paid for.

To many people use credit cards when they are in need of money instead of using them to build credit . What I'm saying is that credit cards should be used as a tool to build credit, not as a supplemental income ! Try to wait until you are financially stable before getting a credit card and you'll be better off in the long run.

Get The Best Deal Possible

Be sure not to jump into things when the time comes to get a credit card. Take your time and find the best deal that you can.

The best way to get a card is to wait until you get a "0% apr for 6 to 12 months " offer. These cards are great because you are charged 0% on all purchases for the 6 or 12 month period. Once the period is up, you can pay the credit card amount down to zero and then never use that card again. Just wait until another 0% offer comes around and then apply for that card. This way you will never have to pay interest ! Be sure to leave the old credit card account open. This will make your credit score higher.

Plan Your Spending

Be a responsible spender and you will avoid a credit card headache. Try to stay away from the mindset of "It's only fifty bucks . I'll pay it off later" and only spend on your credit card when you know that you have the funds to pay it off . Make sure that you either have the money or will have the money in the near future to pay off the amount that you spent on your card. This will ensure that you do not get yourself to far in debt. Remember your credit card is a credit building tool not a free spending account! Basically if you can't afford it, then don't spend it. Always follow this credit card idea and you'll save yourself a lot of grief.

Make Payments On Time

Making your payments on time can make a huge difference. If you pay your credit card payment late you will risk being charged a late fee, getting your interest rate increased, and lowering your credit score. Payment history makes up a large percent of your credit score, so paying late may make it hard to get more credit in the future. So play it safe and Pay your bill in full and on time .

Pay More Than The Minimum

You can always pay the minimum on your card, but why? If you find yourself in a situation where you can't pay your balance off, then make the largest payment that you can. This will help you avoid paying more in finance charges and will get you a better credit score.

These 5 credit card ideas should always be applied to your credit card management plan. If you stick with them, you will find yourself in a much better financial place than many others.

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