Credit card is a good servant, but a bad man. That is why we are sometimes afraid of it and do not even use it. But just follow a few rules, make the right choice and pay your credit card in time to get more than your credit card will take. Follow five steps and your credit card will serve you well to your satisfaction.

Someone has a credit card because he wants to buy something nice, but he doesn’t have it. Someone uses a credit card as a contingency reserve. Someone has a credit card because they just offered it to him at the bank. Somebody has a credit card at home, but he wouldn’t use it the highest, because they’re afraid of it. Well, someone has a credit card and not only uses it, but mainly uses it at 100 %.

Credit cards will not only offer you cash at a time when there is nothing left in your wallet. Credit cards are involved in many loyalty and customer programs today, they can offer you discounts at selected retailers, insurance or money back for frequent purchases. You can actually get more just for spending foreign money. How to do it?

Step 1: Choose the right credit card

Step 1: Choose the right credit card

Interest rate, interest-free period, bank, total limit, management fees. Each is different to choose? A simple comparison can be found at prodej.finance.cz. Take here what offers monthly fees zero at a certain monthly turnover and the longest interest-free period.

Step 2: Set the right limit for it

Step 2: Set the right limit for it

The limit should not be too low to give you the most benefits to use the card properly. But it should not be too high, because it would only lead to higher spending, moreover, the credit limit is taken into account when calculating the client’s creditworthiness, for example, when applying for a mortgage, because it is calculated as a regular loan. You don’t need too much to use your credit card for normal use, just 20,000.

Step 3: Use it everywhere except the ATM

Step 3: Use it everywhere except the ATM

The credit card is not designed to provide you with enough cash in your wallet. When choosing a credit card ATM, you usually pay not only high fees for using an ATM but also a certain percentage of the withdrawn amount as a credit withdrawal fee. The rent and other fees will not be paid by the card. Otherwise, you should pay for it all: food, shopping for clothes, daily spending on coffee in a cafe, online shopping. The bigger your monthly spend, the more you get back. But don’t buy useless just to use your credit card.

Step 4: Get to know her better than her shoes

Credit cards are different and each is different. The credit card will offer you a discount on purchases from selected partners. Other cards offer a link to a savings account and will credit a certain amount of your money directly to your retirement savings. Similarly, a cashback program, various merchant events, better warranty service, or insurance are associated with a credit card. So you have to choose a credit card that offers the most benefits, but it is even more important to know all these benefits and really use them.

Step 5: Always repay it during the interest-free period

The most important step in using your credit card properly is that you repay it before the end of the interest-free period. So in fact, you’ve been shopping for almost a month, almost for your own money, but at the same time, you have received credit card bonuses. But if you fail to pay back all the time during the interest-free period, these benefits are mostly canceled out by the high interest you have to pay. So remember this and every first week of the month their first send us the credit card.

So where to start? Compare credit cards to choose here with the lowest fee and longest interest-free period and start using it properly. Follow these simple rules and you get a credit card maximum.