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It is all too easy to find yourself in the traps of credit card debt. Those shiny, plastic pieces of money are easy to obtain and even easier to spiral out of control. The best way to establish good credit is through responsible financial habits that free you from high debt and leave you open to extra money if you need it. There are many tips that can help you keep a handle on plastic spending.

Nine Tips to Avoiding Credit Card Debt

When you are choosing a credit card only accept a card that offers a low interest rate. This is the most important factor in how fast your balance will rise. If possible, opt for cards with either low annual fees, or none at all.

To keep yourself out of debt, only charge what you can pay off in full each month. If you can't pay your balance in full, make sure to make the largest payment that you can comfortably afford.

Never, ever miss a card payment, period.

It may be tempting to use your card for a cash advance, but these advances come with huge interest rates and extra fees. They are never worth it in the long run.

Avoid cash advances

If you want the ease of carrying a card instead of cash, but don't want to get in over your head, opt for a debit card from you bank instead. These cards look and feel just like a Visa or MasterCard, but they are simply a bank card that deducts your purchases straight from your bank account. You pay as you go, and never get stuck with high monthly bills.

Create a credit card budget for yourself and stick to that budget. Don't go over your allotted budget amount no matter how tempting extra purchases may be.

Switch your current cards to lower-interest credit cards to decrease credit card debt.

Ask for a low credit limit, to ensure that your credit card debt will not rise above a certain point. As your income rises and your bills decrease, allow yourself to ask for a larger limit.

If you simply can't afford to charge any more on your card, leave it at home and do not tempt yourself into thinking that you may be able to pay more than you know you can.

Back to the Articles

Yes, low APR credit cards are on the rise. Many credit cards are competing for your business to give you the best and lowest rates available today. There are so many credit cards from you to choose from that they are doing all kinds of things to get your attention including lowering their interest rate and giving you no annual fees.

Why is this happening? Because there are so many credit card companies. They all want your business and this is an attractive incentive to get you to apply and own one of their credit cards. If you choose a low APR credit card over one with 19.99 percent you are sure to go with the lower APR.

The only problem is that sometime these 0% and low APR credit cards are only promotional ways to get you to apply and then later your interest rate will rise. Many credit card companies have low APR credit cards for a certain amount of time such as 3 months, 6 months and some up to one year. You will have to compare to find out which one keeps the lower APR after the promotional period to ensure you are getting the best deal around.

No matter what the reason low APR credit cards are here to stay as long as the companies are competing for your business. Just remember to compare everything they offer besides the lower interest rate. You may find that several credit card companies are now offering other wonderful incentives for you to apply with them such as reward programs.

No matter which company you choose, you will enjoy the low APR credit cards even if it is only for a limited time. You will be able to save money on your purchases because you will not have to pay any interest until the promotional period is over. Just be sure your balance is very low when the interest rate kicks in and you will be fine.