Tips for New Card Users

dasha101 · 03-13-2007

I am about to received my first credit card this month. I always have second thought on this because I'm afraid to some issues and problems associated with credit cards. Any tips you can give for beginners like me?

**onlineexperts** · 03-14-2007

One good tip for you and as for all is to always pay on time.

Always be on control, don't let your card control you as it did me.

webspider2005 · 03-14-2007

Use your card only if needed. Credit card is a temptation for you to spend. If you spend more than what you can afford that spells trouble for you because you will end up in debt.

**louj** · 03-14-2007

I only use cash when I pay for groceries and things that I buy personally. I only use my credit card when it is very much needed, say for example, online business. And for that, I also use paypal, which is a very good site that is friendly to its users.

intex · 03-16-2007

Some good tips here...
I have got my first 2 credit cards 1.5 months back & I still afraid to use them...

I havent even verified my paypal account yet.

**rant** · 03-23-2007

It is fine to use your credit card sometimes, but don't get too dependent on it. Try using it in times of dire need. Like all the other posts said, self discipline and carefulness is the key.

chandni_aqua · 03-23-2007

Congratulations. i remember the joy i had to get my first card. but beleive me u need to use it only when required. its a trap and try not falling into it. good luck

quinda · 03-23-2007

My suggestion would be set up a direct debit to cover the minimum payment each month, so no matter what else happens, you won't get hit with late payment charges.

Then, pay the remainder of the balance by hand if you can - it's always a good idea to clear the balance every month - you're getting the use of the card interest free if you can do that.

VanBasten · 03-23-2007

Quote:

Originally Posted by quinda

My suggestion would be set up a direct debit to cover the minimum payment each month, so no matter what else happens, you won't get hit with late payment charges.

Then, pay the remainder of the balance by hand if you can - it's always a good idea to clear the balance every month - you're getting the use of the card interest free if you can do that.

Yes, some people actually use the interest free money they get from credit cards to make short term investments.

dasha101 · 03-25-2007

Thank you for sharing some tips here. Credit card is really a temptation to keep on spending and buying things that are not important.

I'll make sure to pay my monthly dues on time to avoid interests.