News entity changes name in hopes for better reception

Business revamp whenever they need to shift focus, and you can use the same tactic with your credit card.

10:47 30 June 2013

New International is changing its name after a scandal regarding the behavior of some of the company’s employees. It’s obvious the company is going for what they hope to be a revamped image, but it’s unclear whether or not changing the name and a few employees will be enough to satisfy the public. We all need to revamp some area in our lives at one point in time.

 

Many of us may need to revamp our shopping style and how we use our credit cards, or manage our investments. Here are a few tips to help you revamp the way you use your credit card.

 

• Know your terms—make it a priority to know the different terms of your credit card. You might have an introductory rate, a balance transfer rate, a cash advance rate, and a penalty rate. There may also be other rates which could apply to certain situations. If you know the various rates that apply to your credit card you can make better decisions about how and when to spend.

 

• Too many cards—it’s probably happened to many of us at some point in our lives. If you find you have one credit card too many and overspending is causing a strain on your monthly budget, it’s time for an important revamp. Freeze credit cards you don’t need in blocks of ice and keep them in the freezer. If you’ve resolved to get out of debt, you can cut the credit card up completely though you may want to take note of the key information in case you need to ever contact the company.  Keep them in a shoebox and store them in a place that is difficult to navigate, and that will be out of sight.

 

• Use advantages—not everything about a credit card is bad news. Sometimes you can use them to help you get out of debt.