CREDIT CARD
Credit cards were first introduced in the 1920s in the United States. At first people called as plastic money. Later plastic money or credit cards attracted the attention of people around the world.
Then in 1985, introduced a credit card with an exclusive holographic sophisticated. Hologram on the credit card was made with the visible laser beam three-dimensional shape. In addition, the credit card given the security features of other, including special codes in the magnetic lines form behind him to mark the invisible visible under ultraviolet light. There is also a credit card owners are given the image. The objective is to avoid fraud and misuse of credit cards.
Although using credit cards more freely and easily, but to remember is to use a credit card just like you owe. When buying something, you do not need to spend money but enough to swipe a credit card. Purchase transactions are conducted in a period of one month accumulated a total of bills to pay. At a certain date each month to the due date is later than the date you paid the bill. Previously, invoices will be sent, which contains details of the transaction date, the total bill and the minimum amount to be paid.
Credit Card Benefits
The credit card will be very useful especially in times of emergency when we do not have the cash. For example, when I had to pay the hospital. Credit cards give up to one-month grace period for repayment. So if we do not have cash, we are still able to pay hospital fees and credit card bills paid after receiving a salary or if we can have payments for some time.
By the time you have to transact online, one of the most popular payment is by credit card. Another benefit is when you have to go to a place that is not wise to carry cash.
You can also take advantage of promotions from credit cards to get discounts at a particular restaurant or while shopping at a particular place. If the purchase is important and necessary course you will benefit from discounts obtained. But this needs to be examined properly. If not, will make us be wasteful to buy things that do not need or dine at the restaurant for being attracted to the discount given.
Credit cards were first introduced in the 1920s in the United States. At first people called as plastic money. Later plastic money or credit cards attracted the attention of people around the world.
Then in 1985, introduced a credit card with an exclusive holographic sophisticated. Hologram on the credit card was made with the visible laser beam three-dimensional shape. In addition, the credit card given the security features of other, including special codes in the magnetic lines form behind him to mark the invisible visible under ultraviolet light. There is also a credit card owners are given the image. The objective is to avoid fraud and misuse of credit cards.
Although using credit cards more freely and easily, but to remember is to use a credit card just like you owe. When buying something, you do not need to spend money but enough to swipe a credit card. Purchase transactions are conducted in a period of one month accumulated a total of bills to pay. At a certain date each month to the due date is later than the date you paid the bill. Previously, invoices will be sent, which contains details of the transaction date, the total bill and the minimum amount to be paid.
Credit Card Benefits
The credit card will be very useful especially in times of emergency when we do not have the cash. For example, when I had to pay the hospital. Credit cards give up to one-month grace period for repayment. So if we do not have cash, we are still able to pay hospital fees and credit card bills paid after receiving a salary or if we can have payments for some time.
By the time you have to transact online, one of the most popular payment is by credit card. Another benefit is when you have to go to a place that is not wise to carry cash.
You can also take advantage of promotions from credit cards to get discounts at a particular restaurant or while shopping at a particular place. If the purchase is important and necessary course you will benefit from discounts obtained. But this needs to be examined properly. If not, will make us be wasteful to buy things that do not need or dine at the restaurant for being attracted to the discount given.
Credit Card Danger
Because of its simplicity and does not need to spend money when we buy something, often we are too busy to shop regardless of how much total money that was spent. Moreover, because do not use cash, making the total purchases do not seem large compared with the cash shop. We seem to still have a lot of money for unused cash.
However, if you do not pay in full the total bill is ready for danger awaits you. You are able to pay only the minimum amount which is usually for 10% of the total bill. However, shortcomings will be counted as debts to be paid with interest the very large. As a result, the total to be paid will be very large and will continue to bloom, so the amount to be paid will become swollen.
If you have not paid off for some time, the bank will bring in debt collectors who will violently force you to pay these arrears. Many credit card users end up having to sell his property to pay off the debt that swelled due to credit card interest. Pelu known, that the interest rates most credit cards than other types of credit.
Credit cards are also often used in fraud. Someone or some institution might fool you with a variety of ways to get your credit card number. Next, they will make a purchase or making money with your credit card number which will be charged to you as a credit card owners.
Tips Wise with Credit Card
Flexibility and variety of benefits offered by credit card partially offset by the danger either temptation to buy and live outside the ability. It is also the danger of abuse and credit card fraud. Given the danger behind the use of credit cards, then the wise thing what can you do?
• Do not have too many credit cards
Having many credit cards will cost you to pay annual dues and make you tempted to spend more. A maximum of 2 credit cards that must be owned. If you have more than that, you should immediately close the other credit cards. Considerations in choosing a credit card which will be maintained including interest rate credit cards, credit cards and limit the benefits offered by credit cards really useful for you.
• budget funds for credit card
In preparing the budget, enter the maximum amount of funds that may be used by credit card.
• Keep track of purchases using credit cards
With a record will help you find out how much you should pay so that will help you to 'brake' next purchase. This record can be matched with invoices to make sure you actually made the purchase.
• Try to always pay the full bill
This is useful so you do not burdened by a very large flowers. Do not be tempted to just pay the minimum bill. If you already have a mortgage or credit card debt, prioritize earnestly to immediately pay off your debt by being more frugal. For example, by reducing the visiting cafes, shopping or eating out. If you are boarding or renting a home, consider whether you can move to another place cheaper.
• Avoid using credit cards to withdraw cash
Credit cards can indeed be used to withdraw cash at an ATM, but it is not free. You must pay interest on the cash withdrawal value even higher than the rate for spending.
• Beware of credit card fraud
Standby credit card fraud increasingly diverse either by phone or Internet. So, keep careful not notify the credit card number, expiration date, or other information to strangers. Do not lend your credit card to someone else.
Do not let your finances get worse with credit card debt. Use credit cards wisely so that your finances remain strong.
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