Sunday, May 6, 2012

Wise use of Credit cards is a must


The days are gone when people used to carry large amount of cash in their pockets. Today is the time of carrying cards and more importantly people have been using credit cards in abundance now without understanding the flaws or rather drawbacks hidden behind the same. Until and unless you are a very careful on how to use your credit card, you should not be going with the same.  And when the time comes pay off your bills, you have to be very informative on the terms used by the banks.
Using a credit card involves a deep understanding on its payment criteria. The minimum dues clearance will put an extra interest over your remaining bill and will put an extra pressure on your budget.
Summary: Be very wise while opting for credit cards and in case you can manage the same properly, then this is not in any case a wrong thing to go for.

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