Facts of Credit Card

Using Credit Card (CC) is the one of convenience for our deal. But if you does not manage well the use of it, you will in debt that always never end.
This is the facts behind the use of Credit Card.

1. Signature
Your signature can prevent Credit Card theft.
Fact: in otherwise, your signature can be stolen. The thief could forge your signature when used your credit card to make some deal. So, if you decide not put your signature on your credit card, you could show your signature of the identity card.

2. Fine Charge
You certainly know if you pay bill late it will be forfeit the charge. But, do you know if sometime the charge can reached almost 30%? therefore, use your credit card carefully.

3. The Grace Period
Pay bills at the time of grace period is good step. But, you must pay full. If u pay 95% at the time of grace period, you will still be charge on the 100% shortfall penalties that 5% of bill.

4. Over limit
Banks does not reject your transaction even your credit card already beyond the limit. They want a relationship grounded well with you.
Fact: the interest rate and penalties sky will make you always in debt.

5. Credit Ceiling
Even you pay the bill more than the loans it is would not make your credit ceiling increase.

6. Credit Card Much Better
Fact: Credit much better is the same means with much debt. Just use 1 or 2 credit card and you manage the both.