‘Do not multitask’ with credit cards
As a general rule of thumb, the same credit card should not be used for purchasing items and to transfer previous debts, it has been claimed.
While seeking out competitive credit card offers can prove to be an effective means of not only purchasing items but - through 0% balance transfers - also getting to [...]
Balance transfers ’should be approached with care’
For those who have racked up a significant amount of debt, a 0% balance transfer credit cards deal can help them get their finances under control, it has been suggested.
Indeed, Reserve Bank statics analysed by research company InfoChocie reveal that those Aussies owing £10,000 on plastic cards can save as much as $4,300 by [...]
Balance transfer advice
Making use of 0% balance transfer credit card deals can prove to be an effective way for people to get to grips with their debts, an industry commentator claims.
Paul Clitheroe, founding director of financial planning firm ipac and chief commentator for Money Magazine, states that when “used properly” these credit card deals can be [...]
Don't let a Credit Card trap you
Attempting to meet spending commitments? While taking out a credit card could be an effective means of tackling money management problems, borrowers should ensure that they do not fall into the trap of getting themselves into an untenable financial position.
In a Money-AU.com article, Sharat suggests that people need to avoid making the most common [...]
