Being Credit card clever by 4 ideas

Most people have a love-hate relationship with their credit cards. They like the convenience and the "free" money, hatred and the bill when it comes in. It is obvious that the best way to manage your card is to choose one that suits your spending style, but here are some ideas on how to ease pain at the statement arrives

IDEA 1 Set yourself a limit
Often the key to the skilful handling of the credit card is to establish borrowing limits and not be tempted by the flattering letters: "You have been an excellent customer service, we have increased your credit limit to $ 5000 'variety. These letters can be disastrous for the poor management of credit cards.

Consider the application of two cards: one with a low limit for purchases, and one with an upper limit, for larger, longer-term purchases. Low limit on the card, looking for a good interest-free period (40-55 days), and with the upper limit of the card is not without interest, but a period of lower interest rate.

If your credit card has a debit, use it. This way you spend your own money instead of the bank when making a purchase. You can deposit funds to the card, earn interest and enjoy the convenience of plastic.
When selecting a credit card, are not necessarily gold or platinum varieties that offer a higher credit limit.
The advantages such as wine club, theater preferred reservations and travel insurance typically at a price, usually a higher fee. If you change a higher credit limit, to implement this standard on the Lard.

IDEA 2 repay in full
Try to avoid paying only the monthly minimum on your credit card, then you pay a high level of interest on the balance in May and the period without losing interest entirely.

Use the interest-free period to your advantage to pay your card at the last minute, but again do not have money sitting in the bank earning a few percent interest while you pay high interest rates on your outstanding credit - card balance.
Unless you're desperate, avoid drawing cash on your credit card because increasing credit card debt. This is a very expensive way to get money, that interest is generally from the date of the cash position is established and you lose the interest-free period.

IDEA 3 Leave the house!
If you love to shop while and can not resist a deal, try to leave your credit card at home when you feel the urge to spend. This way you can have time to reconsider whether you really need that "negotiation".
Beware of the Christmas holidays, because it is a time when the debt of credit card can spiral out of control, a situation not helped by the fact that some cards offer a 'Christmas' from of your minimum repayment. Do not be tempted.

IDEA 4 Have your own card
It is good for you and your partner to have credit cards. This ensures three things: that you will not be able to have the card frozen your partner should die and you are not the primary cardholder, you are less likely to find left to pay the debt of someone else, and you have your own credit history, which will be important if you need to borrow money in the future.