How to manage your credit card wisely??

Always choose the right credit card company, there are various Banks and financial institutions who are offering credit cards. The interest rate is the same every where but there are some who are offering just a little bit lower than the other companies, so You should try to re negotiate with your card company for a lower interest rate. It won't hurt you if you try it but it will be advantageous to you boss, because some people are experiencing financial trouble because of high interest rates. You don't want to be in such a situation i guess. With lower interest rate, you could save a lot, and the extra cash can be easily  used for your other everyday expenses.

So choosing the Right credit card is a priority ppl........

use wisely when need

There is always a lure to having a card handy. But then if you are wise, then you would spend it only on things you would want to buy instead of ending up with things that you would ruefully reckon you were led into. And if you use it wisely, then you have to pay it regularly. This way the credit ratings would be better and you would stand to gain in the long run. It is always that simple.

First of all don't treat credit cards as loan. If you have proper back up to repay the bill before the next due date then you can use it otherwise don't try it as will cost you much more than any loan. Secondly use the credit card with proper planning if you really want to obtain the benefit out of them. Always remember the date of statement & due date of payment (if any). Maximum period of repayment is the difference between one statement date to second month due date (approx one and half month). We can utilize it to get the benefit of card and also to save the risk of handling cash during way.

According to me this is one such thing that you should keep in mind always that  to use it only for emergencies. When the next paycheck or your salary is still far away and the money that is left can't sustain your needs, that is the  right time for you to use it. The very purpose of the credit card is to make you live a somewhat comfortable life where your basic needs and wants will be taken care of. But then you should always know your credit limit so you can continue using it comfortably....