Staying on top of credit cards

Topic of Credit Cards

07:21 25 August 2013

Change is inevitable in every facet of life. A personal budget is one area that can experience a lot of change. Just keeping up with a couple or more credit cards can be a real challenge. Here are a few ideas to help you stay on top of those credit cards:

• Record-keeping system—whether you love technology and have everything automated, or prefer pen and paper, find out a system that helps you keep track of important information. You’ll need to track due dates, amounts, and other pertinent data for your credit cards. You can also use it for the rest of your bills.

 

• Rate changes—credit cards may sometimes change their interest rates from time to time, so if you use your credit cards frequently it may be difficult to remember which one has the best rate. You might keep the best card to use in a specific spot in a wallet or purse and change out the card whenever necessary based on the rate changes. Then you won’t need to worry about it when you’re in the middle of a shopping spree.

 

• Fees and schedules—credit cards may all have different due dates, but another potential issue could be the various fees that could be associated with any of the accounts, and when they are charged. Some cards may have annual fees that are broken into monthly charges, or that are only charged once annually during the same month you signed up for the card.