1. Carefully read the contract when making
This is the most important advice in a situation where you have to sign any papers. Everyone has heard it a million times, but for some reason, many still hope for a miracle and put an autograph on documents without looking.
Therefore, it is worth repeating once again: carefully read the contract. Pay special attention to the grace period, restrictions and credit card bonuses.
grace period
This is a grace period when no interest is charged on the use of money from a credit card. Depending on the bank and type of card, the grace period can range from several days to several months. And you must remember these terms well.
credit card restrictions
Some transactions may be subject to interest or commission. These most often include cash withdrawals from ATMs and transferring money from account to account.
Credit card bonuses
It happens that banks offer nice things for the active use of borrowed funds. It can be miles, cashback or discounts from partners.
However, bonuses should be treated with caution. If you have a black belt in personal finance management, you will be able to benefit and not fall into a debt hole. The rest is better not to get involved.
2. Pay off debt before the end of the grace period
You have carefully read the contract and remember the end date of the grace period better than your own phone number. The point is small: return the money on a credit card before the expiration of the grace period. If this is not done, the bank will fine you for late payments and will begin to accrue interest on the funds borrowed.
As a rule, credit card rates are offered rather high: on average, from 20%. Therefore, the debt will grow quite quickly. If you miss the moment, then in the near future you will spend all available funds on interest payments and will not be able to repay the loan itself.
Your global goal is to always repay the debt on time and not overpay.
I think that you need to read about the possibilities credit cards here and it will be useful for you
