Credit cards are one of the most popular products of all. Today, almost everyone has them and they enjoy using them very often. The problem arises when some get used to enjoying themselves too much, since that can lead them to end the destroyed finances.
Plastics are useful tools that allow people to pay for different expenses without having to have the necessary money at that time, but that is not why they should be seen as an extension of their salary, since it is money that they will have to pay back.
Falling into bad financial habits is very easy, especially when it comes to the use of the card; To avoid this situation, take into account the following tips:
Do not spend more than 30% of your credit line
Not because of having a broad line of credit means that you should use it all. Experts advise using only 30%, as it is frowned upon by banks or financial entities that cover more than 50%.
Do not finance more than 3 months
The golden rule is that, the longer you take to pay, the more interest you will be charged. That is why it is necessary to plan well the purchases you make, so that you do not finance them for more than three installments.
Do not use them for very small expenses
Plastics are good and allow you to access many promotions, but if you start using them for everything, you could get hurt. It is best to be clear that they should be used for expenses that are worthwhile and not at all times.
Try to be a totalero
Being a totalero means paying your total debt in a single installment. If you plan the use of your card, you can conquer the habit of being a totalero and save a lot on interest.
In addition, one way to take advantage of your card wisely is to investigate what are the benefits they give you, since they could be more than you suspect. Now, if your plastic doesn’t offer anything special, maybe it’s time to change it. Use the Rosetech credit card comparator to verify which alternative suits you best and start enjoying those benefits.