You can’t watch the news lately without hearing about credit card fees. Consumers are becoming outraged as banks avail themselves of every opportunity to collect more and more. With the amount of credit card debt that consumers are carrying these days, it’s likely that you’re one of them.
I use credit. In fact, I use it every chance I can. The card I use the most has a rebate program that I actually use and, over the past 8 years or so I’ve collected an average of about $750 per year in rebates. Not bad!
The other day I was clearing the most recent statement while the news was running a credit fee related story – and my bank was the focus. I pointed my browser to their Web site to see what the fuss was about. It took a bit of searching but I found it, buried under a link:
Wow! That’s a hefty fee alright. And a hefty interest rate, too. This must be what the story was about.
There’s really more to the story, though, and the reporter didn’t bother to share it. See, I know the secret already. And I’m going to tell you what it is. There’s no number to call, no login, no registration, no gimmicks at all. Absolutely free. The secret to avoiding those nasty fees. My gift to you.
So, here’s the secret. Ready? Here it comes now.
Pay the bill. On time. Or don’t use the credit line. You know exactly when the next closing date, the statement arrival date and the due date will occur. Plan. Huh? You can’t resist the urge to spend? Then go and put the card in your safe deposit box until you learn some discipline. (Don’t close the account, though, that’s bad for your score.) Then pay the bill. On time.
Simple, isn’t it?
