Credit Cards
recommended by
our experts

Get Cards
Credit Card eZine - News and Articles about Credit Cards

Credit Card eZine - News and Articles about Credit Cards

Get even more information on credit cards? Read our Credit Card eZine. The section is regularly updated by our specialists. Learn all the financial tricks. Know the pitfalls and hidden bonuses. Find out how to transfer balances and accumulate points. We will tell you about the latest offers on the market.Get your credit card education and make the most out of your plastic.

What Advantages Do We Have by Paying Credit Bills in Full?

2008-03-14

Like it or not, there can be various unforeseen situations in our life. There are a great number of people who cannot control their budgets and money slips through their fingers like sand. It's not surprise that they cannot scrape up enough money to pay all the bills in due time. Credit issuers have no sympathy to these customers, all the more so, they set extremely strict credit rules and you should be a huge fan of iron discipline to find these credit rules fair. However, there are people who manage to make the most of their credit cards. Interestingly, some of these diligent cardholders treat credit cards like an alternative method of payment rather than primary.

Now that every single customer carries a credit card or at least tries to obtain the one, the statements of individuals that they live perfectly well without a bunch of plastics, sound incredible. Moreover, these customers are quite satisfied with a cash back card that gives them generous rewards.

Take for example the story of Karen Roberts who doesn't carry a balance on her card. "I need it just for convenience and some perks. I pay it in full every month and get reward points for this". This approach to credit loans can make sense for those customers with self-control and good financial habits. Living within your means and using credit cards for getting benefits - that's really impressive.

The question is, how can a customer (who is not so fond of plastics) apply for a credit card with rewards? Oddly enough, these cardholders have a good credit. But still it's not quite clear how they manage to boost their score using the only one credit card for years. You can always find some smug cardholder among your friends or colleagues, who is so brilliant to carry the only plastic and it's only for getting a free airline ticket for example.

Using your rewards plastic from time to time and paying off your balance in full seems so simple at first sight. You lose nothing but receive additional benefits. It sounds too good to be true. But let's take a closer look at these skillful cardholders.

Probably, it's not so hard to pay off your credit bills, if you have one credit card and make occasional purchases on it. There is an assumption that if you don't carry a bunch of plastics, you can hardly establish a solid credit rating. It's true to a certain extent.

Generally, cardholders are so excited with the idea of getting plastics that they can hardly resist the temptation of spending more than they actually have. It's a vicious circle for most credit consumers. "Shop till you drop" has become a motto for millions. There's no need to speak about the consequences of this approach. Statistic figures speak louder than words. The total debt of American consumers is $53 trillion, that's the highest debt ratio in history by the way. This horrifying figure may serve a stimulus for those want to start paying off their credit bills in full.

Share Opinion:
del.icio.us   digg   Furl   YahooMyWeb   Propeller   Reddit  
Comments not found
 

If you have something to say, please leave your comments below.

Your Name: *
Your Email:
Your Comment: *

Enter Number from Picture: * number

* - Required Fields Add Comment
[Sunday, December 18, 2011]
Chase Bank recently announced the redesign of its Visa credit cards - allowing more space on the front for the Chase logo. This new design is in trial mode currently but Visa has pans to roll out its new design to other financial institutions in order to increase the branding and logo visibility of the individual issuing banks.
Comments (0)
[Friday, October 28, 2011]
Debit and credit: they`re both plastic, why not consolidate them? The Cinncinati-based Fifth Third Bank, is the first to offer the DuoMasterCard which consolidates both a checking and a credit card account into one card.
Comments (0)
[Wednesday, September 21, 2011]
It really pays when you do the right thing. Take credit cards for instance, having a clean credit profile really does help. Those who managed to maintain a squeaky clean credit report during the recession can now jump with joy, as they will get some of the best deals from credit card issuers.
Comments (0)
* The CreditCardSpecialist.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. CreditCardSpecialist.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the CreditCardSpecialist.com website are property of their respective owners.
We do our best to maintain the information accurate at CreditCardSpecialist.com. However, all the credit cards information is subject to change and presented without warranty. See the up to date credit card terms and conditions on the secured credit card application page. Note that CreditCardSpecialist.com may be compensated by credit card issuers when visitors apply for a credit card through the links on this website.
CreditCardSpecialist.com, an independent, advertising-supported website, receives compensation from the companies whose offers appear on the site. This compensation impacts where and how credit products appear on our site, including, for example, the product listing order in which they may appear on separate pages. CreditCardSpecialist.com does not present or review all available credit or financial offers.
Disclosure: Not an access card.