Before using credit cards, it’s better try to think on how will you make use of it. If you expect to often pay your monthly bill in full, then your best option may be no annual fee credit cards and offers a longer grace period. If you sometimes carry over a balance from month to month, then try to find a lower interest rate types.
As everybody known, credit cards are very demanding nowadays. Mostly, the average annual percentage rate is about 15%. With that kind of interest, it’s quite tough to pay down because it is consistently compounding interest if you did not clear your outstanding balance.
Luckily, the balance transfer credit cards was invented and resolves this issue. For a consumer who understands about saving, this can be an intelligent way of reducing credit card debt. Using this strategy, you can transfer all balance to the new card to enjoy low finance charges.
In a nutshell, please do not feel afraid before applying any credit card as this is conventional thinking of majority people. Using credit card in a smarter way, spend on something conveniently and you may not have much worries about finance security issues. For your guideline, better pay yourself first before pay to the bank.