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List three strategies for gaining control over my credit cards?

 


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155 thumbs up

Don't sweat the petty things and don't pet the sweaty things.

Understand that if you charge something on your credit card and make only the minimum monthly payment, you are effectively paying twice as much for that item.

Know and protect your credit score: Its reach in your life is far and wide.

You may want to consider transferring your balance to more favorable cards. You may or may not have to pay a balance transfer fee in the process but you’ll offset the fees with the improved rates.


Posted 3 months ago ( permalink )
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1)  Consolidate the cards that you now have into one new card with a better rate.  You can usually save a lot of money by doing this. I would suggest reading "How To Make A Balance Transfer Work For You" take the money that you save and apply it to your balance.

2)  Cut cost in other areas and apply the savings to the balance of your credit card.  One area that most people can usually cut costs is insurance, especially auto insurance. I just read an article that said that about 70% of consumers pay to much for auto insurance and that the average person can save 30% 40% by comparison shopping.  The name of the article is "Saving Hundreds of Dollars on Auto Insurance".

3)  Most important stop making new charges on your cards unless it is an emergency.

 There's a free consumer liabrary at: http://mysite.verizon.net/ressg6c7/thefreeconsumerlibrary/ that has helped me.  I would suggest checking out some of these articles.


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First of all try not to use credit card more often , and if used pay of the balance within the given time period and finally check for the bank that provides the maximum benefit for credit cards. I would suggest Citibank credit card, it offers you special schemes that can really help you. Currently citibank is running schemes where on applying online for a Citibank credit card, Citibank Ready Credit or superior salary account you can get 10 chances to win a year's salary. The more you apply, the higher your chances!

2 winners will be drawn to win a year's salary and you may be one of them. For more information, check this site https://www.citibank.com.sg/SGGCB/APPS/portal/loadPage.do?tabId=home&path=/promo/det/cb_promo08.htm


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