Credit card issuers prefer that you use your card for making purchase payments, if instead, you withdraw cash at an ATM, for instance, you get charged a transaction fee, finance charges and a higher interest rate. It’s the most expensive transaction you can make with a credit card.
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Writer, artist, Accountant and a forever learner. Learning, loving, Hoping.
These Ideas show how to enjoy the rewards that come with using a credit card while also avoiding the threat of drowning in debt.
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Similar ideas to 2. Avoid Cash Advances
If you have a large balance on your credit card, call your credit card company and request a rate reduction. If you often pay on time, they may be willing to negotiate, or you can get a 0% balance transfer onto another card.
Many installment plans offer an interest rate reduction ...
When you use credit cards responsibly, they can give you a lot of power. The best circumstances to use a credit card is:
Credit or debit cards are convenient, but you don't see your shrinking bank balance with every purchase.
If you use mobile banking or money management apps while using your card, and it’s working, keep doing your thing. Otherwise, you might want to consider...
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