How to Save Money on Your Credit Cards
By Noel Hynes
Credit card companies make their money on the 85% of us who fail to pay the
outstanding balance each month. Even if you are not in a position to pay the
balance each month you can still save some money if use your card wisely.
The first and most obvious way to save money is to pay the balance each
month. However if this is not possible then there are ways to save money.
Moving money from credit card to credit card to take advantage of interest
free balance transfers and effectively borrowing money for free. Be sure to
read the terms and conditions on each card before you transfer.
Pay your credit card bill on time and avoid late fees which can cost you up
to $40 each time. Check the payment option and guidelines on your bill. The
best method of avoiding late fees is to setup a direct debit for the minimum
payment each month.
Keep a close eye on your fees and charges and manage them very closely.
Check you balance statement every month. Avoid withdrawing cash from your
credit card. These services will cost you from 2% upwards of the amount
So the bottom line is by using your credit cards wisely you can reduce
adverse effects of credit cards and maximize the benefits by spending
wisely, using self-discipline, and paying off your balance as quickly as
possible to avoid unnecessary fees. Credit Card Tips
(c) Noel Hynes, 2005. Reprint rights granted to copy and publish this
article as long as the article and by-line are reprinted intact. Credit Card
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