Credit Cards

Make sure that you save your credit card receipts and compare them with your monthly bill. If you come across any wrong entries or bloated figures, the matter should be brought to the notice of the credit card company immediately. Do not lend your credit cards.

Make sure that you owe only what you can repay as a bad credit score would make your life really hard in future where you could be denied fresh credits, rentals or even a good job! In case you are unable to pay your credit card bill at the end of the month, make sure that you atleast pay a part so that you need to pay charges only on the unpaid balance.

Another attractive option is the 0 interest credit cards on purchases and balance transfers for as long as 1 year.

In case you have an interest-bearing balance, you can transfer this to a 0% introductory offer card to avail this benefit. In addition, eligible customers are also offered cash back, rebates and high credit limits.

It is better to opt for low fixed rate APR instead of low introductory offer as these credit cards would carry low interest all through the tenure and not the initial few months. You can apply online, compare the various credit card deals and choose the best options.

Typically low interest credit cards are offered for customers with an excellent credit with no history of late payments or negative entries in your credit report. However in case you are having a bad credit score, you can opt for secured credit cards to buy time to build up your credit score before applying for some of the best cards and deals. You can choose from thousands of credit cards and make sure to compare the rewards and the discounts offered by each card before finalising.

If you regularly pay your whole outstanding balance by the due date you can save a pretty penny by way of interest rates. Cash withdrawals using credit cards are expensive so it is better not to use cards for that. The best way to save on interest would be to make the interest free balance transfer offers wisely where you can transfer an amount of an old account to a new 0 percent offer which will give you an advantage of 5-6 months of no interest payments.