Using a credit card gives many advantages, you know . Starting from paying bills with 0 percent interest, to giving discounts or cashback in every transaction.
The advantages that are then attracted a lot of people have credit cards. Calculations, these benefits can save expenses.
Although it provides convenience and minimizes expenditure, the fact is that there are still those who fail to use it. In the end, they concluded that this non-cash payment instrument made the financial wasteful.
For those of you who want to have this card, there are several ways you need to know to maximize the benefits of this non-cash payment instrument.
1. Choose the credit card you really like
One of the considerations in choosing a credit card is that you have to know exactly what you want from this non-cash payment instrument. If confused, you can start from the benefits of what is expected.
Another story if you get a card whose annual fee is USD 200 thousand. Your initial intention to minimize expenses is a failure because of paying annual fees.
2. Apply for a credit card that offers more benefits
The average issuing bank offers a credit card profit that is more or less the same. However, the benefits provided are specifically different.
The point is different here, there are cards that are beneficial for dining . There are also cards that are advantageous if used for traveling .
This is where you have to find out more then choose which jelly card offers several benefits at once.
If you must have two cards for the sake of pursuing these benefits, choose a card that gives a small annual fee.
3. Perform routine transactions every month
Once you have a credit card, don’t be unemployed. Routine transactions with cards every month make credit history on iDeb get a good score.
Just to note, a good credit score will help you later in applying for a loan to the bank. Because the credit score is a consideration for banks to approve or reject credit application applications.
In addition, card benefits, such as rewards or cashback are very useful to save on routine monthly spending. That is why transactions with a card are recommended for meeting monthly needs.
Let it not be too far, limit transactions to a maximum of 30 percent of your income. Don’t refer to credit card limits. Because it can make you potentially make minimum payments. In the end, because you don’t pay in full, your bill will be subject to interest.
4. Have a benefit when routinely used
Regarding point number three, find and get a credit card that gives benefits for routine monthly shopping. Because the routine monthly spending is usually associated with meeting basic needs every month, look for a card that offers these benefits.