A lot of people are thrust into the complicated world of credit cards without knowing a thing or two about them.
Just like in any other game or activity, it is important to know the rules and regulations of these card game before starting to play it.
Just like in using the Chase credit card for instance, there are several pointers to follow in order to maintain good purchasing habits and in order to avoid the pitfalls of credit use.
Things To Avoid Do not use your credit card for your daily and routine purchases.
For your daily needs like food, clothing and gas, avoid using your card and use cash instead.
Using your credit card for these daily purchases instead of cash would certainly lead to indebtedness.
Instead of using your Chase card, use cash or your debit card for your ordinary purchases, and keep your credit in your wallet.
Avoid making minimum payments to your card purchases.
Making minimum payments only burden you with more interest payments and a prolonged period of being able to update your credit card payments.
Instead of making minimum payments which only make you pay for more interest in the long run, you should take extra effort in making bigger payments each month with the objective of making full payments for your purchases in the soonest time possible.
Do not use your Chase credit card to pay for large and expensive items you cannot afford.
If you get into the habit of having a borrowing lifestyle, you could easily get into trouble deep into debt.
If you cannot afford a certain item or product today, chances are you cannot afford it in the near future also.
You should avoid spending habits that lead to disproportionate debt.
You should also avoid closing out your credit card without responsibly meeting your financial obligations as this would affect your credit standing considerably.
Things That You Should Do Make a clear distinction between buying items you need and those that you simply desire.
In using your Chase card for instance, you should not confuse the things that we need to purchase with the things that we just want to get out of whim.
A lot of us, especially those who are compulsive buyers tend to equate things we simply want to things that are necessary for us.
Make sure that your creditor is duly notified if you will not be able to make prompt payment to your credit line.
The worst thing you can do is simply set aside your payments without proper notification.
A lot of creditors, like those from the chase bank credit cards, would be more than willing to help you with your concerns should you not be able to pay on time, and at times, late fees can even be waived for as long as valid reasons are given for the delay in payments.
Stay under 30 percent of your credit limit, so that you maintain a higher credit rating as well as the chance of not being overburdened by large obligations.
You can also try to request for lower interest rates so that your credit card payments become more manageable.