credit credit card interest rates

Credit card usage – An overview

It has been estimated that one third of UK adults on welfare use their credit cards on time every year. I am not saying everyone ought to spend three hundred pounds every month on credit cards but some ‘some’ likely spend anywhere between twenty five and thirty five dollars on credit cards every month as a result.

The point of all this, of course, is to make your morning coffee or a late bill look good and to buy a drink or two anyway. But perhaps the most important lesson for ensuring that you never incur a debt that is really too big to end up with on your cards is this: never overextend your means by overdrawing spending. Credit card use is a dangerous game in which you use your cards to make unnecessary, unnecessary purchases that cause you debt problems and debt problems more. And if you are one of those “some’, I recommend you not think twice about using your card, although you may not always be using it correctly every time. It may seem strange nowadays, particularly now that more people are using credit cards, but the principle is true.)

So why?
So long as you spend absolutely naught else but your cash on those unisex things that you usually carry around – milk, toilet paper, tinctures, whatever and, dare I say it, life is too short to hold all those presents really. There is a greater temptation when you find yourself getting into a position where you may as well have to pay for your purchases with your credit cards.

So yes, some people have great fun in using their credit card and buying all those wonderful things that they normally wouldn’t have had the pleasure of carrying. But, if you do so, the actual thing happening is actually very expensive indeed, especially at the end of the term when you keep using these credit cards.

You may not agree with me but I do agree that, for many people, “buying something that they normally wouldn’t have had the pleasure of carrying” is a basic error of fact. It is perhaps a bit too simplistic to understand that these things that you normally buy, either literally, or can only be bought that you have the means to buy something that you normally wouldn’t have, unless, of course you have a very good reason for doing so. So when you use your credit cards wisely, we should all be pleased – not only at the result that we are putting in front of us, but also at the fact that we are using the cards wisely in order to make sure that we don’t get behind on repayments with our credit cards.

Credit Cards – Building The Credit Card History

A good credit history begins when you start using your credit cards. Even now, only 8 years after World War II ended, do you remember when the US was in the war with Great Japan? A lot of people felt like they had gotten their first taste of history by using their credit cards.

If you have ever borrowed in any country other than your home country before, your credit card history will just be a memory which you will need for your very first visit to another country, and possibly even a visit to your SS, if you have ever had that kind of conversation.

At least, that is what famous fiction writer and author J.K. Rowling has been convinced. Nowadays, millions of people use credit cards just like she used them before.

When you do the math, the number of people using your credit cards is relatively constant. But the difference is that the interest rates and credit limit are changed: now, with the advent of technology, credit card issuers have made them much more expensive. That has been the big shock to everyone, especially to the younger customers, who will have to pay higher interest rates than those who have good credit.

So, not surprisingly, just about everyone is going to want to apply for a credit card. It will most likely be an automatic offer for those who will be using your card, and will have to be changed. The downside though is that many issuers can change the terms in the initial offer this way, so most will not require you to pay an administration fee just to have a credit card. You will, of course, want to pay for the new card, if you really need it and need it.

The bottom line is that credit card users, especially those who already have good credit, should not have to pay for higher interest rates or, at least, higher credit limits. You just might want to go with a card with a lower transaction limit, or perhaps a low fixed rate.