Also, the lender can often arbitrarily increase the minimum payment. 4. remember when the teaser rate ends - don t have a big balance that you can t pay off when the rate goes up. If you are having financial problems, credit cards should be low on the priority list for payment. Food, housing, and other necessities should come first. Make your credit card payments on time, if possible.
Late payments lead to fees and penalty interest rates.
The special services and programs offered through credit cars are usually not good deals. An increase in your credit card limit does not mean you should borrow more money. Lenders often increase limits for people they know will carry a large balance. If you credit card offers rental car insurance, read the contract carefully before using the card to rent a car. Otherwise, you could end up personally responsible for a large repair bill not covered by your credit card insurance.