How to Escape and Avoid Bad Credit Card Usage

Posted by Sharib Mirza on August 2nd, 2016

Are you worried about your bad credit card? Well, you should be more worried if you cannot get another one issued because of your bad record. Because of the demands and the sky rocketing fees that most issuers give, its' no surprise that more and more card holders are experiencing ill-fated credit history. This is why it is always very important to be prompt with your payment and to stick with limit. Sometimes, people get so overwhelmed with the power of credit cards that they tend to forget their responsibility. Is there a way to escape bad credit info?

While it may be possible although difficult to apply for another card with a bad credit info, a bad credit line is still irreversible. However there are ways that you can avoid the pitfalls of bad credit. Here are indispensable tips on how you can avoid putting a smudge and ultimately get rid of this problem.

One of the many reasons why most card holders are trapped in a debt it's because they have this overwhelming stack of credit cards in their wallets. The end result of this ill fated choice is bankruptcy. So rule number one, avoid the temptation of having so many different cards. If you need to have different cards for many uses, why not go for universal ones like American Express, Visa or MasterCard. These can be used anywhere in the United States. And even though the rates may be high, it will all be worth it.

Here is another thing that most people do not know about their Credit Card Offers. It's the buying frenzy. Don't you notice that your rates go up when you shop during the peak seasons of the year? Christmas, Thanksgiving, Valentines Day, Fourth of July, it's great to shop during these times because there are lots of discounts everywhere. But unknown to many, this is also the time that people can get trapped with bad card use. Why? Because during peak buying seasons, these companies raise their interest rates.

Finally, do not use plastic when buying everyday stuff like groceries. If you don't like to bring cash, you can use debit cards. Always remember to think twice before you reach for your wallet again.

Source: http://ezinearticles.com/?How-to-Escape-and-Avoid-Bad-Credit-Card-Usage&id=877065