Consumer Blog » Tips http://pegu.in/myvoice My Voice | My Grievance | My Opinion Sat, 29 May 2010 13:07:12 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Few Tips About Credit cards http://pegu.in/myvoice/consumer-information/few-tips-about-credit-cards/ http://pegu.in/myvoice/consumer-information/few-tips-about-credit-cards/#comments Fri, 20 Mar 2009 23:36:13 +0000 myvoice http://pegu.in/?p=106
  • Interest rate of Credit Cards
  • Few Important Credit Card Tips
  • Credit Card GuideLines by RBI
    • ]]>     Credit card has many advantages, mainly to shop online and book air tickets online.  Here are few tips I found here and there about using Credit Card :-

    1. Never draw cash from your credit card. As soon as you draw cash from your credit card, interest starts!

    2. Never overshoot your credit limit.  As soon as you cross your credit limit some charges will be levied on you!

    3. Pay off your balance monthly. If you can not payoff in a single month, stop using the card til you pay off completly.

    4. Never pay only the minimum amount due. If you pay that, it will take almost for ever to repay whole debt!

    5. Read any communications from Credit Card companies! Thye may change rate of interest or any other terms and conditions.

    6. Never give out your credit card on loan to others.

    7. Credit Card is just a loan. You have to repay it!

    Related posts:

    1. Interest rate of Credit Cards
    2. Few Important Credit Card Tips
    3. Credit Card GuideLines by RBI

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