How to handle credit cards in your favor?

Credit cards are a very useful tool for consumers, however, there are different stigmas about the use of these, because there is no financial education that allows optimal exploitation of plastic. Most banks and other scenarios, such as warehouses of clothes, toys, food and others, usually offer credits for their customers to obtain a good or service. In fact, many access this loan to start with their credit life, because with the passage of time and according to the financial behavior of each individual, the amount can increase to make long-term dreams come true, such as buying their own home. It is important to emphasize that although credit cards have advantages and benefits in the purchase of different products and services, depending on the entity with which the credit is handled, you must have a good use of these, because getting a large debt can be very easy. These are some recommendations to have a good management of the credit card, which will allow you to save if you pay on time. Use it the first week after the day of the cut: during these days the lender makes the analysis of the money that has been spent to determine the fee that must be paid. That is, it is recommended to use the credit card after a week of the cut-off date, since the payment is extended and thus the accounts could be better organized.  Avoid extra charges: It is important to pay the card on the established cut-off dates, to avoid extra charges being made for non-payment or interest.  If it is paid one day after the maximum date established by the financial entities, there is a “mismatch” that represents greater payment of money and interest.  Spend more than minimum payment: the minimum payment is the sum of enough money that the credit requests each month. However, it is recommended that, to the extent possible, more should be paid than required by credit institutions or organizations.  The reason why it is recommended to pay more than the minimum fee is to decrease the balance and pay less interest. We recommend you read: Bitcoin loses support and plummets below 18 thousand dollarsWho are the organizations that pay pensions in Mexico? The fewer installments the better: it is best to defer purchases to three installments, but if the subject who has the credit card can make the direct payment to a fee, it automatically avoids having to pay the so-called financing interest of the purchase.  Do not spend all the credit: Experts advise not to spend the credit quota completely, this because if a fraction of the loan is saved it could solve some need of a priority nature or an emergency that arises in everyday life.

Original source in Spanish