Staff Muscling up

1
Staff Muscling up

• Smarten up your credit card by using these THREE
  rules

2
ALWAYS pay the balance up in full and on time

• Credit cards are not cheap credit
• Penalties for late payment can be high
• Repeated late payment can really mess up your
  credit rating
• Set up an AUTOMATIC PAYMENT for the day before
  the due date

3
Try to buy more expensive items at the start of
the billing cycle

• Find out the date of the first items on a
  previous statement
• Time larger purchases for just after that date
• This maximises the number of days that you get of
  interest free credit
• It can be over 50 days

4
Avoid cash advances

• Interest gets charged on these from the day you
  make the withdrawal
• If you make a deposit a couple of days later
  thinking you are repaying the cash advance you
  are probably wrong
• Any deposit is used to cover your oldest debt

5
Credit cards can be your friend

• They offer you some protection if you buy on-line
• They let you buy stuff when it is on special
  rather than when you have the money
• They let you buy and then save the money rather
  than the other way around
• They let you keep your money in the bank earning
  interest while you use someone elses money
  interest free

6

• Heres something to think about
• https//www.youtube.com/watch?vU2jHCvLQ078