Dear TF Members,
1. The Idea for "Nuggets". I have been using credit cards now for about a year. During this period, I have often searched for many tips and suggestions to use credit cards effectively and to optimise and maximise the returns. I have often found many of these tips and suggestions quite handy and useful. So, I decided to collate all these tips and make a small booklet titled "Nuggets of Wisdom: Tips to Use Credit Card Effectively".
2. Who All Can Benefit from This Booklet. These nuggets are for all types of credit card users – novices as well as experts. We all can learn and refine our thoughts, strategies and plans of action based on many of these nuggets which we find useful. If we disagree with some nuggets or have some more perspectives or better insights or experiences - we can share them on the thread for the benefit of everyone.
3. Benefits of Credit Cards. Credit cards are great products - but only in the hands of those who understand the pros and cons of using them and are meticulous about how they spend. As long as you are disciplined, don't spend beyond your means or limits, credit cards are a great tool. While we all know the benefits of credit cards - like interest free credit (40-50 days depending on the bank), Cash Backs (CBs), Reward Points (RPs), additional perks (discounts, milestone spends, vouchers, lounge/hotel access, etc. - I thought that it would be prudent to pen down some of the insights into optimising these perks and rewards for the benefit of all. Hence, this thread and the booklet.
4. About the Booklet: Nuggets of Wisdom. The booklet is 11 pages long. It is attached as a pdf file. The contents of the booklet are as under:-
5. Disclaimer. All the information in this booklet titled "Nuggets of Wisdom: Tips for Using Credit Cards Effectively" has been collated from the internet and minor editing has been done to make it more user friendly and easy to read.
6. References. All the references and online resources are given at the end of the booklet for further reading.
Hope this will be useful to all the readers. 🙂
1. The Idea for "Nuggets". I have been using credit cards now for about a year. During this period, I have often searched for many tips and suggestions to use credit cards effectively and to optimise and maximise the returns. I have often found many of these tips and suggestions quite handy and useful. So, I decided to collate all these tips and make a small booklet titled "Nuggets of Wisdom: Tips to Use Credit Card Effectively".
2. Who All Can Benefit from This Booklet. These nuggets are for all types of credit card users – novices as well as experts. We all can learn and refine our thoughts, strategies and plans of action based on many of these nuggets which we find useful. If we disagree with some nuggets or have some more perspectives or better insights or experiences - we can share them on the thread for the benefit of everyone.
3. Benefits of Credit Cards. Credit cards are great products - but only in the hands of those who understand the pros and cons of using them and are meticulous about how they spend. As long as you are disciplined, don't spend beyond your means or limits, credit cards are a great tool. While we all know the benefits of credit cards - like interest free credit (40-50 days depending on the bank), Cash Backs (CBs), Reward Points (RPs), additional perks (discounts, milestone spends, vouchers, lounge/hotel access, etc. - I thought that it would be prudent to pen down some of the insights into optimising these perks and rewards for the benefit of all. Hence, this thread and the booklet.
4. About the Booklet: Nuggets of Wisdom. The booklet is 11 pages long. It is attached as a pdf file. The contents of the booklet are as under:-
S No | Topic | Page No |
1 | General Tips | 3 |
2 | Chasing CCs vs Chasing Financial Growth | 3 |
3 | Choosing CCs | 3 |
4 | Most Important Terms & Conditions (MITC) | 4 |
5 | As A Newbie | 4 |
6 | Watch Your Spends | 4 |
7 | Milestone Spends | 5 |
8 | Big Purchases | 5 |
9 | Credit Limit (CL) | 5 |
10 | CC Upgrades | 5 |
11 | Optimising Spends | 6 |
12 | Optimising Offers | 6 |
13 | Monthly Statements | 6 |
14 | Paying Your CC Bills | 7 |
15 | Safety Tips – General | 7 |
16 | Safety Tips - Online Usage | 8 |
17 | Safety Tips - Offline Usage | 9 |
18 | CCs and Credit Score | 9 |
19 | Untoward Incidents | 10 |
20 | References | 11 |
5. Disclaimer. All the information in this booklet titled "Nuggets of Wisdom: Tips for Using Credit Cards Effectively" has been collated from the internet and minor editing has been done to make it more user friendly and easy to read.
6. References. All the references and online resources are given at the end of the booklet for further reading.
Hope this will be useful to all the readers. 🙂
