How to Avoid Piling Credit card Debts - Deepstash
How to Avoid Piling Credit card Debts

How to Avoid Piling Credit card Debts

Most people assume that owning a credit card means that you'll be swarmed in debt  but this is not always true. Let's explore the reasons why.

4

20 reads

CURATED FROM

IDEAS CURATED BY

royaltouchz

Writer, artist, Accountant and a forever learner. Learning, loving, Hoping.

These Ideas show how to enjoy the rewards that come with using a credit card while also avoiding the threat of drowning in debt.

Similar ideas to How to Avoid Piling Credit card Debts

Credit Card Debt

The trickiest form of debt, which is literally bleeding our finances, is the credit card debt. Make sure you know what the interest rate being charged is. Know that a 2% interest rate per month is actually 24% per annum.

If you stay out of debt by paying the total due on t...

Golden Rules For Credit Card Users

  1. Always pay the dues in full, not just minimum due.
  2. Keep track of your credit card expenses.
  3. Read credit card statement carefully - it is possible to have erroneous bills though it is generated by system.
  4. Do not withdraw cash from credit card.
  5. Do not do ba...

Annual Credit Card Fees

Most people should not be paying annual credit card fees.

A host of Visa, MasterCard and Discover cards have no annual fee, yet many people pay $100 or more a year for the privilege of holding a premium credit card. 

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates