August 2021

There are many ways to pay your credit card bills faster. For instance, consider choosing a balance transfer as a temporary relief. For that, transfer the balance of the card with accumulated dues to the account of another card with a later due date. This can give you some time to clear the bill.

Here are 5 other ways to clear your credit card bills quicker.

#1 – Choose a Credit Card with Useful Facilities

With lower credit card charges, you can pay your dues faster. So, consider applying for a card that minimises or excludes certain charges.

Here are some cards that offer such useful facilities:

• Low-interest credit card

Interest is charged when you can’t pay the full balance from the last billing cycle. So, it’s best to apply for a credit card with the lowest rate of interest. This can minimise late payment charges when they’re unavoidable.

• Lifetime free credit card

It never charges annual maintenance fees for using the card.

• No over-the-limit fees credit card

If you use this card for transactions exceeding your credit limit, you won’t be charged with over-the-limit fees.

• Zero cash advance fees credit card

It offers interest-free cash withdrawals. So if you withdraw cash using this card, cash advance fees won’t be charged.

#2 – Pay More Than the Minimum Amount

Paying only the minimum credit card amount doesn’t help in the long run. The remaining dues will keep accumulating. So it’s best to keep repaying the balance as and when you can before the due date. That way, ensure to pay it in full within the interest-free grace period.

#3 – Consider Choosing Automatic Bill Payments

Suppose the repayment deadline arrives and you can’t get access to your bank or you’re travelling. Besides, sometimes you may forget the deadlines. Then it’s good to opt for credit card bill payments that don’t need your manual intervention. These are automatic bill payments. They automatically deduct the unpaid amount from your bank account before or on the due date. For that, just provide a standing instruction to the bank beforehand.

#4 – Convert Credit Card Payments to EMIs

If you have too many accumulated credit card dues difficult to clear, consider converting them to EMIs.

Here is what you need to do:

• Learn the minimal monthly interest and processing fees charged for this facility.
• Pay the monthly instalments as per your convenience within the repayment tenure.

#5 – Track Your Credit Card Bills Regularly

Check your credit card statement periodically so that errors like miscellaneous charges or unauthorised transactions don’t add to credit dues. For example, if you notice fraudulent transactions, take the following actions:

• Report the suspicious transactions to your card issuer at once to have them investigated.
• Request to block the compromised card immediately. This can prevent further illegal card-based purchases from getting added to your dues.

There is another benefit of checking your credit card statement every month. If you see that you’ve overspent, try to keep your credit card bill within your budget. Then you can pay your bills faster!

Everybody wants to make a profit in the market. But, to make profits, you’ve to take certain actions. Otherwise, it’s not possible to get success. However, some lazy traders don’t have any thirst for learning something new. Besides this, some traders play games, watch movies, and do other tasks during the trading hour. Because of this, they face trouble. However, if you want to make money, you should try to understand the dynamics of the market. Or else, it would never possible to do well.

In this article, we will demonstrate the best three ways to make profits. So, if you want to get success, you should read the article properly.

Choose the right trading style

Being a trader, you should choose the right trading style. Or else, it would not be possible to get good outcomes. But, some traders can’t understand which trading style would be better for them. That’s why they face trouble. Some of them choose the inappropriate trading style and face problems. Being a trader, you should choose the trading style with which you are comfortable. In terms of trading, there is four major trading style. Such as, day trading, swing trading, position trading, and quick scalping. So, before choosing any of them, you should try to contemplate your requirements from the market. By the way, you also need to consider your personal traits to choose the right one.

Some traders fail to choose the right trading style because they don’t contemplate their abilities. Bear in mind, firstly, you should know about the pros and cons of every trading style so that you can choose the better one. Always remember, fx online trading is nothing but a business. So, if you expect to make profit without following strategic steps, you are going to lose money regularly. Take your time and create your own trading strategy.

Manage the risk

Once you learn to manage your risk, you may not face any trouble getting more money from the market. But, you need to learn to take the risk properly. You also need to diversify your portfolio. If you can invest in several assets, there is a possibility of getting more money. But, some traders avoid the correlation of the trades in terms of investing money. Due to this, they face big problems. Being a trader, you should try to focus on polishing your skills which can help them to get a better result.

However, you need to show the courage to manage the risk. Sometimes, due to risk, traders don’t want to invest money. But, to earn money from the market, traders need to invest their money. By the way, in this current situation, many pro traders also feel fear to invest their money. And so they can’t make money. Actually, by developing strong skills, it’s really easy to manage the risk. So, you just need to do practice more and more to get success in the market. If you want to trade properly, you should focus on reducing the risk factors. However, if you take the decision emotionally, it might tough for you to take the right decision.

Learn to stop

To get success, it’s really important to learn when to stop. But, many traders don’t want to stop. They always try to trade. And so, they face the troubles. However, if you really want to get the success, you should take the action such a way so that you don’t face any troubles. For this reason, sometimes, you should learn how to trade properly. For example, during the ranging market, you should avoid trading.

However, you should try to contemplate these issues so that you can make money. If you want to avoid the troubles, you should become serious about trading. Otherwise, you can’t get success. Bear in mind, to get success, it’s really important to become active during the trading hour.