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If you own a credit card, then you might want to read a few tips for a healthy credit card usage. It has been observed that once we get a credit card, there is a tendency to switch to the credit card from cash wherever possible. Once this becomes a habit, you are surely going to fall in a debt trap, therefore make a slow beginning by using the credit card only when you cannot use cash conveniently, and avoid using a credit card for your daily needs purchases. (more…)

The most basic definition of a credit card is “A card through which you can borrow Money as a loan for which the lender charges you Finance Charges / Interest.” This concept should be very clear in the minds of those who use credit cards. When using the credit card we are only delaying the necessary payment and it still has to be paid one day with interest. The more one delays, the higher the cost for that particular purchase. On the other hand a credit card is also a very convenient way of making purchases and if used sensibly it is really a friend in need. (more…)