If you understand the credit card terms you will benefit from the ease of use and loyalty programs, if you do not follow the rules you can end up paying much more for your purchase, in interest.
Rules include – fees, interest rate and when it is applied, spending limits and loyalty programs.
Walk to your bank to withdraw cash rather than using a cash advance on a credit card as interest is charged from the date of the withdrawal, there are no interest free days.
Have the full balance direct debited from your bank account on the due date. This gives you maximum usage and you never pay interest.
How many credit cards do you need? – Only one! All your bills and rewards are in one place, it is easier to replace or stop only one card if it is lost or stolen.