ERP/SAP Consultants
10 ways to use your credit card right!
Tags :
dilbag koundal, how to use, Credit card, IT ERP/SAP consultant, Web designer, pantnagar, kangra
Industry :
IT Services, IT Products, Internet
Functional Area : India, Product Development, Europe, B2B Sales, Growth |
|
|
Follow this Topic |
more actions >>
|
Your credit card can be the single
most important factor in improving and increasing your credit score. On the
other hand it can also plummet your score to dark depths if you are not
careful.
1. No debts so far. Opting for a brand new credit card for the first time
This makes sense for your credit score. Making use of a credit card
judiciously will help you improve your credit score. Just make sure you open
your credit card with a respected and popular brand name.
2. Opening a new credit card account
When you already have a couple of credit cards, opening a brand new credit
card account can cause a dip in scores. By all means obtain a new credit card
if you are not planning to get into more debt, else think several times before
opting for one.
3. Low credit limit
Keep a tab on the credit limit of your credit card. Open a credit card
account with a company that will provide you with the highest credit limit
possible. High credit limits, even if they are not used will add merit to your
credit score and improve it.
4. Closing credit card accounts
Even if you do not use your credit cards, don't rush to close them. Keep
them as long as you can. If you must close them, then do that over a period of
time. Closing too many too quickly will harm your credit score significantly.
5. Choosing the ideal credit card to close.
The number of years you hold a credit card account has an impact on your
credit scores. Hence, let your oldest credit card be, if you must close a card
opt for the most recent cards and close them one at a time, maybe once a month
over a period of time.
6. Rotate usage of multiple credit cards
It is a smart move if you utilise different credit cards for your various
different expenses instead of constantly using only one credit card for most of
your purchases.
7. Bargain for a lower interest rate
If you have never defaulted on a payment for a few years, make use of your
good repayment track record and speak to the bank officials for a better
bargain.
8. Request for an increase in credit limit
You may have purchased your most recent card because of the higher credit
limit. If at a later date you wish to close some of your cards and you know it
makes better sense to close the most recent card, you have a dilemma.
9. Keep a self-imposed credit limit, which is much lower than the actual
credit limit
Never exceeding 40 per cent of your credit limit has a very beneficial
effect on your credit score. This shows your credit limit is high but you have
not burnt it up and have plenty in reserve.
10. Paying off credit card dues quickly will dramatically improve your
credit score
Try not to encourage too much credit card debt. Be wise and pay the dues
quickly and keep rotating your cards. Paying off dues will cause a spike in
your credit score, which is highly favourable.
|
(rate this)
|
 |
Dilbag Koundal
| Added idea
"check out my article"
| 2 years ago
|
|
yes all point are right
|
|
|
(rate this)
|
|
(rate this)
|
 |
SHRIKANT MANOHAR DANKE
| Supported idea
"Keeping a close eye on the billing date"
| 1 year ago
|
|
Right option to avoid late payment charges & penalty imposed for that.
|
|
 |
MUKESH JOSHI MBA(HCS)
| Supported idea
"Keeping a close eye on the billing date"
| 1 year ago
|
|
Very well said Irani Keeping a close eye on the statement generation date is very much important if you want to utilize the cash generated by using your card. Moreover paying ur dues in time is also equally important this is how u get ur credit...
|
|
|
(rate this)
|
|
Credit Card is useful in this modern and fast paced world
|
3
|
VS |
0
|
Credit card leads to unwanted expenses and ruins your finances
|
 |
Stevve
| Argues in support of
"Credit Card is useful in this modern and fast paced world "
| 1 year ago
|
|
Credit card is good or bad depends on the user provided he uses it Judicously and settles the dues monthly
|
|
 |
Prashant Welling
| Argues in support of
"Credit Card is useful in this modern and fast paced world "
| 1 year ago
|
|
Credit Card is a double edged sword. One must know how to use it to your advantage. If used judiciously and intelligently, it is indeed a saviour when you are in a tight situation and are in dire need of some urgent cash or need to make a payment...
|
|
|
(rate this)
|
|
(rate this)
|
|
Yes
|
1
|
VS |
6
|
No
|
|
|
SHRIKANT MANOHAR DANKE
| Argues in support of
"No"
| 1 year ago
|
|
It depends upon how you make use of it.
|
|
|
|
santosh varghese
| Argues in support of
"Yes"
| 1 year ago
|
|
Given its current form, the Credit card was developed for Mans Doom. It encourages overspending.to the limit the bank forfeits all you have.
|
|
 |
nagesh rao
| Argues in support of
"No"
| 1 year ago
|
|
Yes Neelima,awareness is the key. Thanks to RBI Guidelines, that help both the Banks customers. Banks has been asked to issue the card to the eligible customers only. Banks has also raised their eligibility bar accordingly. Only high interest...
|
|
|
(rate this)
|
|
Yes google due to its Security and Technology
|
2
|
VS |
1
|
Facebook due to its popularity
|
|
|
ARUN SHARMA
| Argues in support of
"Yes google due to its Security and Technology"
| 1 year ago
|
|
DEAR SIR BEFORE ANSWERING YOUR QUESTION I WANT TO TELL YOU COMPARSION OCCURS BETWEEN SIMILAR THINGS(MAN-MAN),(PROGRAMING LANGUAGE-PROGRAMING LANGUAGE)....WE CANT COMPARE (MAN-DOG) SIMILARY FACEBOOK IS SEARCH ENGINE AND FACE BOOK IS SOCIAL SITE...
|
|
|
Activity:
0 referals
,
1 comments,
90 views
|
|
Video by Discount Gift Cards Buy Gift Cards , Sell Gift Cards , and Trade Gift Cards at Discounted Prices. Save money on all your Shopping. http://www.abcgiftcards.com
|
|
Activity:
1 referals
,
2 arguments,
299 views
|
|
MNC's should take in more freshers vs Do not take freshers
|
|
Activity:
479 referals
,
15 comments,
11410 views
|
|
By Lori Bongiorno How much radiation does your cell phone emit? It's easy to find out the answer thanks to the Environmental Working Group's new online guide to cell phone emissions . The non-profit research and advocacy group ranked over 1,000 different cell phones according to radiation levels. It looked at the publicly available, but difficult to find, specific absorption rate (SAR) for each phone. SAR is a measure of how much radiation is absorbed by the body when the phone is sending a signal to the network. (Your phone only emits radiation when you talk or text.) The jury is still out on whether cell phone radiation is harmful to human health , but it certainly won't hurt to limit your exposure to cell phone radiation when you can. Several research teams from different countries report a higher risk of developing brain and salivary gland cancer among high-volume, long-term cell phone users compared to people who use cell phones less often, according to EWG. For example, a...
|
|
Activity:
0 referals
,
2 comments,
125 views
|
|
10 things about good bosses Do you like your boss? Let's be honest, a majority of employees will definitely come with a negative answer to this question. Yes, bosses are not always there to be liked. But is there any fun being a boss who is not respected or ineffective at managing staff? Of course not, so let's have a look at what it takes to be a good boss. Below are 10 things that bosses can do to guarantee that their subordinates and co-workers will respect them. 1. Praise the staff in public, correct them in private Good bosses know it very well that praising and encouraging the staff is the key to have a positive atmosphere within the office and it helps to bring the best in them. If someone does something well, a good boss should recognize them for their efforts. People need to know when they are doing well and that they are appreciated. However, if someone is not doing so well, speak to them privately, instead of calling them out in front of a group. 2. Pay people what...
|
|
Activity:
648 referals
,
10 comments,
379 views
|
|
Today i saw a post on yahoo : http://in.lifestyle.yahoo.com/10-ideal-habits-better-lifestyle-074012807.html The urban lifestyle that you lead comes at a cost. And it takes much more than your spending power. Most people caught in the urban trend of life lack a lot of things in their daily life, like time, freedom, peace and, most importantly, happiness. When your demanding lifestyle starts taking a toll on your mental, physical or emotional state of being, you know it's time for a change. We bring 10 small but ideal habits which can help you lead a better lifestyle . 1. Opt for juice over coffee Whether its a persistent migraine or lack of sleep or even a bad day at work, the urban man actually depends on coffee. Not everyone knows that the dependence is actually a bane and poses health hazards. Substitute your daily cup of coffee with a glass of fresh juice. It will not only bring a marked improvement in your health but might also reverse the ill-effects of your lifestyle on...
|
