Important Rules To Follow When Using Credit Cards

Well, I would like to start off by saying credit cards are a great thing. I know that many of the readers of this article will most likely think I'm an idiot for saying that however it is true and I will be more than happy to explain why. credit cards have become a way to be able to see a consumers credibility which is a very important thing in today's market. credit cards can make or break a persons financial future. Also, without credit cards, if you defaulted on a home loan it would be extremely hard to fix your credit. So I definitely want to start off by saying credit are a great thing for both the consumers and the lending institutions.

When utilizing credit card accounts, there are a few rules of thumb that everyone should follow I am going to make a list of them and if you follow these rules you will eventually agree with me when I say credit cards are a great thing.

Rule #1: Never buy any item on a credit card that you can not pay for cash. This rule is the most important and that is why I listed it as RULE #1. It's very easy, if you can't afford it cash you more than likely don't need it and you definitely shouldn't buy it. We all have heard someone running around saying "I don't know how I'm going to pay off this credit card". Well this is how that person ran up all that debt that they are complaining about! They bought items they didn't need using their credit cards. Please if you refuse to follow any my other credit card rules follow this one.

Rule #2: Don't go over 50% of your line of credit. Even if you are sure that you can pay the outstanding balance off at the end of the month, you shouldn't exceed 50% of your credit line. Doing this could hurt your credit report. Not doing it can do nothing but help!

Rule #3: Send your credit card payment in at the very least 10 days before the date it is due it is better to send it 15 days before. Even if the mail only takes 3 days to get them the payment it can take longer for the payment to clear. You should follow this practice if they don't like ridiculous late fees

Rule #4: I am going to end this article with the most simple rule to follow and here it is - IF YOU CAN'T TRUST YOURSELF TO FOLLOW RULES 1-3, YOU SHOULD NOT GET A credit card ACCOUNT, PERIOD! Do not ever put yourself in a situation that will allow you ruin your financial future!

Also, if you feel you can trust yourself to follow these rules, get your credit cards at JemCreditCards.com, they have the best credit cards around!