If you want to get a credit card from any company, whether it's Chase, Bank of America, or any other big bank you probably have noticed that I usually say the same common sense things. The reason why you may feel I am saying the same common sense things is because this is what works. I always like to talk about being responsible when it comes to your credit cards.
People who start going crazy and begin spending in big amounts don't understand the risk that comes with getting any type of credit card. There are different forms of credit cards.
If you are not comfortable to use a credit card then you should seriously consider using a debit card. Why? Well because you will have the control of what you spend because what you spend will purely be based on what you currently have... makes sense?
With a debit card, if you have $50 in it, then there is NO WAY you can spend more than 50 buck. I hope that makes some type of sense.
BUT when you get a credit card, then your freedom with the card expands. You don't need to have the money right now, per say. You can just pay them back later. This is what begins to get addicted and you need to stay away from this.
Make sure you have some sort of funds to be able t pay these credit card companies back because trust me; they WILL MAKE YOU pay them back.
They are not lending you money just to be nice; they are lending you the money so you can pay them in interest. The interest that you accrue will add to the overall balance and then you need to pay that principle balance off.
Does that make sense?
If not then you need to get educated when it comes to this because it is very important.
Use Your Credit Cards Points BABY! What You Waiting For?
Are you one of those people who are NOT for some weird reason NOT using their points that they get on their credit card. I use to have various cards but then I decided to go with a chase card, because I like the options that they gave to me.
Make sure you are comfortable with the options. When I say options you should be looking for would be
1. 0 Interest. If you can find a card that has 0 interest for several months that would be awesome. The reason this would be awesome is every time you pay your bill you will paying the full bill principle balance. Instead of paying all of that interest you won't be adding to it.
2. Make sure you can trust the bank. This is kind of common sense. In my case, I feel like trust Chase. That doesn't mean that you have to but it means that you should pick out a bank that you believe in. Maybe one that you currently have. Maybe they have a credit card program that you can enroll in. It's possible.
3. Look for nice point rewards. Many cards have reward points that you can use to get free things. Just by you using your card, they give you opportunity to get some free stuff.
Did you find this information helpful? Do you want to continue your financial education?
If so then make sure you check out more of my exclusive tips at my website below! Thanks in advance.
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