The use of credit through plastics can be very efficient, so we will give you some tips to handle bank cards.
When we talk about how to manage my money, an important part is credit cards, since many times we see them as an extension of the salary and not something that sooner or later we will have to pay.
The use of credit through plastics can be very efficient
It is very easy for us to walk through life by signing how many tickets are put in front of us, but the problem comes when the statement arrives and we already have a difficult account to pay. Sometimes we do not even cover the balance completely so as not to generate interest, which means that little by little we contribute less to the debt for the purchase and more to the interest generated.
That is why we give you tips to handle bank cards
Before using your credit card, evaluate the payment capacity that you can absorb to be able to make a certain monthly payment to your plastic without compromising your income.
Never compromise your savings to pay credit cards because sooner or later it will be an expensive decision. The best thing is that if you know that you are going to have that income in the short term to cover the debt, then if you are encouraged to give the famous “card”.
Verify very well the Total Annual Cost (CAT) to know with a single total amount the expenses that you will incur for the use of your plastic.
Since you can make purchases now and pay them on your payment date, take advantage and pay by the date indicated to not pay interest. Therefore, do not forget the importance of making a budget before you spend.
It is important that you know your cut-off and payment date. For example, keep in mind that if you use your credit card the first days of the cut-off date, you can get financing for almost 50 more days without paying even an interest weight.
If you are having difficulties to completely liquidate your credit card, try to cover at least the minimum payment to avoid problems of excessive debt.
Take advantage of the benefits of 6, 12 and 18 months in products that when you finish paying them can still be useful. Do not pay a perfume for 12 months, if in the fourth month you will not have a drop.
Plastics do not have any restrictions on disposing of money at an ATM
but be very careful because it can be one of the most expensive financing.When you go to pay, ask them to take you to the Point of Sale Terminal (POS) to your place (cafeteria, restaurant, etc.) so that you can see the handling they give to your plastic.
Never forget before hiring, compare the different products that exist in the market and do not accept higher lines of credit that can only become a temptation for the compulsive buyer inside.