Credit Cards usage and recommendations Now we will proceed with our recommendations regarding the use of the credit cards, considering that these recommendations are strictly personal and as such they may operate differently depending on the person who put them into practice. Now we will detail down below our recommendations for the use of credit cards. It is absolutely necessary to understand that credit cards are a loan and that by signing the agreement with the bank that facilitates the pledge card to pay consumer accredited our cards on the date indicated by the bank amounts. "We must settle our debt on or before the date indicated by the bank" Credit cards have a spending capacity and this capacity depends on the consideration or range that the bank gives us, ie the financial institution may limit the maximum amount of our credit card depending on your financial capacity. "We must not exceed the limit of our credit cards to avoid paying overdraft fees" We have to note that credit cards are based on cycles, these cycles may vary depending on the lender, but these are handled in a similar way, eg we have a cycle of consumption of one (1) month after we make such consumption during that period we have a grace period of approximately 20 days to pay the consumptions made during the 30 days preceding the time of grace so. "If possible, we make consumption after the cutoff date of our cards and the first 10 days of the 30 day cycle of consumption, this to have more time to produce the money to pay off such consumption" Our revenues represent our ability to output, if we perceive a lot of money and our fixed costs represent 60% of such revenues, our ability to spend is the remaining 40%. "Our capacity will be our reference for conducting credit card consumption, ie, we should not spend more than our financial strength allows us" Please visit us soon for more posts related to the use of credit cards tips, we will post the 2nd part of this publication in the upcoming weeks. Other Related Articles in ZX9 Play Blog! ZX9 Play Blog! Credit cards were designed as a loan to provide cardholders the ability to manage their personal finances without the need to have the money on hand because of the dangers of carrying cash now a day.
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PUBLICACIONES ANTERIORES
February 2017
MULTIMEDIACATEGORIAS
All
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