Pay off your credit card debt in time
Paying your credit card in good time really is the smartest thing you can do. It can take up to 5 days for your payment to reach your credit card provider and until they receive the money, it's not paid.
The best way to be sure that your money isn't hanging around is to pay by Direct Debit. You can then ensure your money leaves your account in good time so your payment will always arrive when and where it's meant to.
Late or missed payments won't just result in you being charged fees; they can also have an unpleasant effect on your credit file. This can harm your chances of getting credit in the future.
Make at least the minimum credit card payments
Making at least the minimum payment can stop you getting charged a fee, and to avoid paying any interest on purchases you need to pay your credit card balance in full every month. Although you may have to pay interest on any cash withdrawals or balance transfers. If you can't manage that try to repay as much as you can, this will reduce the time it takes to pay back and the amount of interest you will be charged.
Don't use your credit all at once
Your credit card is designed to be there when you need it so don't get carried away and use all your credit at once. You'll be charged interest on all the credit you have used and if you've borrowed up to your credit limit, the interest could tip you over. This can result in you being charged a fee and your credit card being blocked.
Withdrawing cash
As handy as your credit card is, it still has to be handled with care. When you use your credit card to withdraw cash you may be charged interest at a higher rate. You may also be charged daily interest and a cash withdrawal fee even if you pay your balance in full each month.