Expert explains how you should use credit cards during the Christmas season in Houston | Video | Univision 45 Houston KXLN

2023-12-02 09:53:57

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best way to make expenses. marcela: david spoke with a financial expert who told us what type of cards to use to avoid headaches. david: very good afternoon. What we have to understand first is to know that we have to learn to distinguish what a credit card is and a credit card. an ebit card is cash that, if I have it available and use it, will not generate any type of interest. Now, if I use a credit card, it is money that is not the same, and when I use it, this will generate interest and the interest is not low. The average interest rate ranges between 17 and 25%. One of the great benefits of using a credit card It is buying without using my money directly. Another is not paying interest. Also when using credit cards you can make use of points, miles, or cash return programs. In addition, it helps to build a history properly. >> You have to understand that credit cards have high interest rates, so if handled intelligently, you can avoid paying such high interest rates. David: Three of the key factors for managing a credit card and avoiding payments with surcharges, are to understand the card cut-off periods and grace periods. then pay the full balance before the outage. Don’t overload your credit cards, use only 30% of the credit you have authorized. When it’s time to pay