Get an understanding of your credit card spending habits by reviewing your bank statements or keeping a daily diary. Is your monthly spending higher than your income? What sort of saver or spender are you?
If you want to pay less interest on your credit card balance – you might want to consider trying to pay as much of it as you can each month, while always being mindful of your other financial commitments.
It might be useful to develop a regular rhythm of paying off your credit card. Consider setting a monthly due date reminder on your phone or a direct debit to pay off your closing balance in full. Get a little taste of how credit card payments work with Poh Ling Yeow.
Whether you decide to pay off the full closing balance, the minimum monthly payment or an amount in between - it's important to understand the difference and what they might mean for your bottom dollar.
Brush up on balance transfers before you make a decision about a promotional balance transfer offer. Here, we provide some information that might help you better understand how promotional balance transfer offers work.
A promotional balance transfer offer might sound tempting, but there are some things to look out for. Here are a few strategies you could consider if a promotional balance transfer offer is on the cards.