Dos and Dont of Credit Card Game
Posted on: 14/Dec/2010 7:16:03 AM
Credit cards are a great way for people to buy things. The problem that most credit card users have is spending too much. The power of a credit card can be too much for many people. There are ways to effectively use a credit card. When a person puts these practices to use, it can be easier for them to live without the fear of credit card debt.
1) Choose your card wisely. It can be tempting to just accept whatever credit card offer you get in the mail. It`s easier and more convenient, but do a little research. Check out the options that you have. Many factors should be taken into consideration like the interest rates, credit card fees and incentive features.
2) Limit the amount of cards that you are using. While many people really only need one card, it is acceptable to have a backup card for emergencies. Having more than two cards is hazardous to your credit.
3) Allow only select people the ability to use your account. You may have a card made up for someone with his or her name on it, but you should think twice before giving it to that person. Make sure the person is trustworthy and knows when he or she can use that card. A spouse is a reasonable person to add to your account, but anybody else can be damaging.
