Information Related to "Do You Know How to Use a Credit Card?"
| Audio/Video |
Do You Know How to Use
A Credit Card?
What
tips do financial experts recommend on using credit cards? In principle, does
the Bible offer advice on this modern practice?
Understanding
and practicing the keys revealed in this article can help your family bolster
its financial security.
by David Treybig
|
Tips for
Managing If
you carry a balance and have credit cards with high interest rates, you
would be wise to look for a card with a lower rate and transfer your balances.
Some cards will give extremely low rates for up to six months Use the cash raised to pay off credit-card balances. When your finances improve and you have cash in the bank, you can then purchase another luxury item if you think it's a wise choice. If you must finance a large-ticket item, consider obtaining a home equity loan on your house instead. You'll likely find the interest rate to be much lower. If you choose to use credit cards, select cards that give you a cash rebate (sometimes up to 2 percent) on your annual purchases. |
"Do I know how to use a credit card? What a silly question! Of course I do. You just hand it to the clerk whenever you want to buy somethingand sign the receipt. Make the minimum payment and you can get lots of free credit. And don’t worry if you max out your card. The company will probably raise your limit, and you are likely to get more offersthrough the mail for more cards than you can possibly use.”
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