This is the same when applying for credit cards as a means of having another source of funds to spend. Most of the time, having credit cards are often associated to financial loss but with the right ways of handling it, you will be able to see how helpful it will be. Below are some tips and tricks you must know if have a credit card:
Check For Annual Fees
Most companies charge a certain amount of annual fee on the cards. However, very few people know that they can easily get rid of such fee, especially if they have a good credit score. For this case, all you need to do is to pick up the phone, call your bank and request for the fee to be removed. Tell them that you are going to dump the card if they don’t remove the fee.
Say for example, if you are late in making the repayment of one of your cards, you will be charged with a much higher rate of interest on your other cards. So, one of the most important credit card tips for you is to make the payment on or before the due date. This is considered to be part of their universal default rules which is a disadvantage to the subscriber if he has no idea of this.
Try Waiving The Late Fees
If you have never been late before paying your balance and fees, you can call up the credit card company to have them waive the late fees for you. Some representatives may refuse this request but it doesn’t harm to just call them and try. You may call another time and you might just be lucky with the next representative.