If you are thinking about transferring your balance or getting a card with special introductory rate, be certain to read all the fine print. Have a true understanding of what occurs after the introductory period is complete. Many times, you will have a very high interest rate after the introductory period. Therefore, it is vital that you are aware of what you are going to be charged in the future before you sign any sort of credit agreement. If a credit card carries an annual fee, it is prudent to avoid these cards. These days, there is so much competition between credit card companies that it is easy to find one with no annual fee. Annual fees can add up over time; avoid them.
Be aware of the dangerous allure of high credit limits. It can be extremely tempting to know that you have thousands of dollars at your disposal. It is, however, a great way to get into hot water financially. Reduce your susceptibility to impulsive purchases by thinking over a significant purchase for about two days prior to your final decision to buy the item.
Try using post-it notes with your credit card balances in places that you often see in your workspace. It’s important to be aware of what your balance is. It easy to let credit card debt get out of hand. Having it posted in an area you will see often prevents your charges from getting out of control.