1. To avoid late payment fees and possible interest
rate increases on your credit cards, make sure
you send in your payment a week to ten days
before the statement due date. Late payments on
one card can increase fees and interest rates on credit cards.
2. You can avoid interest charges, which may be
considerable, by paying off your entire bill each
month. If you are unable to pay off a large balance,
pay as much as you can. Try to shift the
remaining balance to a credit card with a lower
annual percentage rate (APR). You can find listings
of credit card plans, rates, and terms on the
Internet, in personal finance magazines, and in
newspapers.
3.Be aware that credit cards with rebates, cash
back, travel awards, or other perks may carry
higher rates or fees.
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