Thanks to everybodies who has given the honest, good and nice feedbacks to the last writing about the kingfisher airlines. thanks to the many persons who have also done the criticism. I believe in the belief that the criticism will only make the person stronger and to do the better in the life. today I will write about the reason why many of my friends, family and well wishers are in the little bit of the troubles and the others are in the very much in debth troubles. all because they did not know how to use the credit card. in the today’s writing I will tell you nice readers, fans and friends about how credit cards work and how the credit card giving persons and banks cheat the innocent publics and on how to select the correct credit card so that you get the best benifits from the credit card. this will be very helpful to the persons who are applying for the new credit card. so share my writings with your friends, family and well wishers.
have you ever seen the other persons buying the items in the supermarket and not paying using the monies? have you seen in a nice hotel that the other person is not paying using the monies? have you noticed that these persons are selecting one small plastic card from the other small plastic cards in the person’s wallet or purse as the case might be and giving this card to the bill collector person. do not worry they are not doing anything illegal or against the law they are paying for the bills using the credit cards or the debit cards. today I will only do the writings on the credit cards. some other day I will do the writings on the debit cards.
have you seen that the paying person signs the small chit and then goes away with his card as if nothing has happened? this does not mean that he can eat and buy the goods for the free. all the shops, hotels, and other places will go the bank rupt which is not nice. so how does the selling persons get the monies? now a days since everyone has the good jobs everybody hs the credit cards. but not many persons know how they work. I will tell you my friends.
the many banks issue working persons with what they call the credit cards. this means that the card holding persons can buy stuffs without the monies and can pay the bank at the month end. so why use the credit card when you have to repay the bank you are asking na? I will tell you my friends. suppose you suddenly need to visit the goa for the holidays and you do not have the monies what will you do? you will have to beg or the borrow or the steal the monies. instead of doing illegal things or falling in your friend’s eyes you can use the credit card to buy the tickets. so you can buy the tickets even when you do not have the enough monies in the account or in the pockets. the bank whose credit card you use will send you the monthly bill once every month. if you do not have the entire monies to repay to the bank then you will be charged the interest. the bank will like it if you do not pay the entire amount so that they can charge you interest and this interest pays the salaries of the banking persons.
I think you now have a good understandings of the workings of the credit cards. now I will tell you of what to look at when you are going for the credit cards. to make it easier to read I am putting it in the bullets.
keep at least one credit card just in case of the all of a sudden emergencies.
see how much the bank charges you as the interest. even if they say 2% this means that the interest is more than 24% in one year which is the not nice. go for the lowest interest rate.
no matter how low the interest rate provided by the credit card is try and pay as much as you can every month. this way you will clear your debths very fast and you will save the monies which you would have pade as the interests. this monies you can use to go on holidays or buy presents.
do not believe the phoney persons. they say anything they want to sell you the cards but when you get the cards you see something else. so better go and talk to the bank persons directly yourself at the bank.
check if there is a anal fee. if this is high you should ask for the lower one.
get a card which you can use anywhere on the earths.
check if there is a frequent user points like in the airways and airplanes. also check if the card bank is tied up with any of the airways and the airlines to get the more points.
if the bank persons are rude or are misbehaving with you then you must cancel the card. they need the card holding persons more than you need the banks.
most important listen to meena do not use your card too much and pay too little. you will go deeper in to the debth and you will find it difficult to come out.
if you already are in the soups with big debths you can try to do the balance transfers to another card. where the other card bank will pay you so that you can pay the debth card bank so that everybody is happy. the balance transfer rate is also lower than the regular bank interest.
be careful of the secret charges from the bank, and read the small fonted writings on the credit card application forms.
just because you have the credit card does not make you the grate. be careful with it or it will ruen your lifes. try and stay away from the debths. be good and careful and life will be nice.
keep up the good debthfree lifes.