Using a credit card is a convenient way of doing your shopping because there won’t be any need for you to carry cash around. You can also keep track of your expenditure and finances through your credit card. The only problem that comes with the use of a credit card is the charges at the end of the month. If you are not aware, you can get into serious debt thus affecting your credit rating. There are many measures that you can take to avoid credit charges. Read on this article to know more on how to avoid credit card charges.
Zero percent credit card
If you are a new credit card customer, you will be qualified for zero interest cards. After that you have received it, you can transfer your credit balance from the other high interest credit card that you have to this one. There will not be any charges for doing this within the first six months. Once that you do this, you then need to clear your balance and reduce your debt, thus avoiding interest rate charges on your card. Pay off your credit card balance every month Paying only the minimum amount is not enough because it will only reduce your finance charge, otherwise the remaining amount of money will be added to your balance. Make sure that you pay the whole outstanding balance at the end of each month in order to avoid paying finance charges.
If you owe more than one credit card and if you are paying monthly payments, make sure that you pay the ones that have got high finance charges first, and then deal with the no interest credit cards later. In order to pay fewer charges, you must make high payments including the interest charges. Get in touch with your credit company If your credit rating is good and you have been paying everything on time, you can phone your credit card company so that they can review your interest rates downwards or the interest rate can be removed for a certain period of time. Doing this will help you to avoid some charges on your credit card. Word of advice Only use a credit card when it is really necessary, like for example, when you want to make a big purchase or when you are in an emergency situation. You want to reduce your finance charges as much as possible.