Comments on: 10 Tips on Using your Credit Card Wisely http://masteryourcard.com/blog/2008/12/24/10-tips-on-using-your-credit-card-wisely/ The best Credit Card Debt Blog online Tue, 09 Mar 2010 09:42:31 -0500 http://wordpress.org/?v=abc hourly 1 By: Christie Love http://masteryourcard.com/blog/2008/12/24/10-tips-on-using-your-credit-card-wisely/comment-page-1/#comment-13305 Christie Love Tue, 20 Jan 2009 02:48:32 +0000 http://masteryourcard.com/blog/?p=642#comment-13305 Some very good advice, people should be more aware of the advantages that the rewards program from their credit card can give them. By using the card correctly and paying off the balance at the end of every month as you suggest there is no reason why a credit card cannot be a very useful financial asset which can inadvertently help save for a holiday through points programs. Some very good advice, people should be more aware of the advantages that the rewards program from their credit card can give them.

By using the card correctly and paying off the balance at the end of every month as you suggest there is no reason why a credit card cannot be a very useful financial asset which can inadvertently help save for a holiday through points programs.

]]> By: Prince John http://masteryourcard.com/blog/2008/12/24/10-tips-on-using-your-credit-card-wisely/comment-page-1/#comment-12271 Prince John Thu, 15 Jan 2009 11:50:20 +0000 http://masteryourcard.com/blog/?p=642#comment-12271 Your thoughts on credit cards are right and they are exactly what I thought. Only thing that would pinch me is your payment is on 24th every month. Mine is on 2 every month. If money is to go from my account on 24, it means I am losing the interest for that month (3.5%). Also, every Rupee (INR) I earn stays in my account from 5 to 25 of every month. This gives me interest for the whole month. My statement date is 15 every month and I make sure almost all of my serious purchases are done between 16 and 30 every month. This gives me the mental satisfaction that the money that is not mine any more is giving me interest. If I had my CC payment date on 24, I would cut it away, because if makes me feel like I am losing the results of works for the whole month, although it is the 'loss' of marginal amounts as lost interest. And did I tell I'd make purchases only for the amount that I have already left in the account? Your thoughts on credit cards are right and they are exactly what I thought.

Only thing that would pinch me is your payment is on 24th every month. Mine is on 2 every month. If money is to go from my account on 24, it means I am losing the interest for that month (3.5%).

Also, every Rupee (INR) I earn stays in my account from 5 to 25 of every month. This gives me interest for the whole month.

My statement date is 15 every month and I make sure almost all of my serious purchases are done between 16 and 30 every month. This gives me the mental satisfaction that the money that is not mine any more is giving me interest.

If I had my CC payment date on 24, I would cut it away, because if makes me feel like I am losing the results of works for the whole month, although it is the ‘loss’ of marginal amounts as lost interest. And did I tell I’d make purchases only for the amount that I have already left in the account?

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