Help with Mastering Your Credit Card
| October 22, 2009 |
When it comes to owning and using a credit card everyone really wants to know the same thing. How can I use it without falling into debt? Well in an article found on Bankrate.com entitled "3 Ways to Master a Credit Card", debt advisor Steve Bucci answers just that.
The question in the article pertains to the recent changes many cardholders have and are receiving in the mail. This individual has recently been notified that their credit card with a fixed interest rate will be changing to a variable rate. Because of this the cardholder wants to know if transferring a balance to another card is a smart move.
Within the answer, three major points are giving that include:
- Transfer the debt to a lower fixed-rate account
- Pay the account down fast
- Don’t carry a balance each month
From this article the most important things to gather is that one should try their best to pay off the balance owed at the end of the month. Although it is easier said then done, by doing this the cardholder does not have to be worry about the changes made to the interest rate that does not benefit them.
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