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My left is a lovely.
Rose Marie Clancy editor in chief of credit land dot com -- very well.
Thanks -- think you are right -- -- this is a key time when everybody's getting their Christmas scent on it bills and talent cringing as they open down let's.
Cannot be opening them they might just be paying them are paying them minimum balance right.
-- right as net effect and these days between oral pain paperless statements.
Sometimes what I think it looks at them and yes you do have -- -- -- a lot of -- to -- motivation to -- -- line -- -- -- -- general -- And that's to note no right idol pays good that you need to spend some quality time you need to date your your statement and your and your Bill Clinton got a statement that you -- know.
Had to spend some quality time and it should welcome once -- -- -- -- walk before you pay the bill because otherwise you've already verified.
What the charges on that -- so yes you should really look at over.
On every month and there are some political things on -- should be -- let's talk about -- there -- five names that we point out that you should look for on your statement started with the reality check box like that we -- the reality check and this is the place where you'll find out how long it will take you pay your -- -- if you pay only the minimum payment.
Unpleasant -- shocked to find out that that could be that the entire time of their mortgage.
If they only pay.
What the minimum payment is.
It will also -- -- what I -- there a barometer which tells you if you pay a certain amount of money and again it can be quite -- -- -- reality behind that.
What it will do those it will -- before she went to budget plan to pay off that balance.
Obviously best thing to do is pay off bounds every month how many people do you.
I don't think a lot of I don't know what the statistics are exactly.
And especially at this time the F.
But I think most people are carrying a balance on their credit cards and especially now yeah and these times a lot of people using them for day to day expenses.
And don't always have the income to make -- monthly payment I -- It's something you can put off and they make it easy to him.
Yeah and yet India's go over what you -- -- sometimes I know life shopped in certain location many times during that month and I cringe I don't want to add up what I snakes I just avoid it.
If you could not let your spending personality.
The Latin and they wanna -- -- -- few big card bills why you've got such heavy balance -- -- India but it may turn out to be that coffee in the morning -- trying to.
And the ads food on the go and it'll -- -- little things -- -- granting you a 500 dollar bad card Philippines very fairer a wallop but.
A 5 dollar o'clock in the morning can end up over the course.
The month and -- in the year.
You know my professed my man money saving advice -- of people carry a crisp 100 dollar bill.
And and nothing else I don't raise you won't get you thinking he won't going to Starbucks perfect -- for our coffee -- yelling at 96 dollars and change -- you know prosecuted nice now.
-- but we Skype credit cards everywhere in all the time and -- what is this Tyson weeks ago.
You have that you know -- it.
A lot of times their charges and -- -- reason Vivendi you want to know sometimes it's the parent company.
You don't always know that indeed you made this charge -- there a couple of different things that that what is.
-- is that really a -- that I made.
-- -- one really should cool the credit card issuer if -- question they'll tell you location amen to what he you know that -- aren't exactly.
And nor have they will get hit the number of the vendor is usually right on the day you can inquire.
More about what the our subsidiaries are something you may find that it's just a gas station that -- -- and I am very unusual name.
This has happened to a lot of people as you're speaking my guess I remember that.
And there are things there -- also things that he gum like.
For instance you may sign up for triple play package or you know when you get three free months of premium channels and then we'll send your bill is.
135 not 99 anymore and that's the trigger.
Hopefully just come before that because I think -- at least committed for the month but at least that at that point you know you have in charge for those premium.
-- -- -- -- -- And then the other thing and I have a couple questions on the available credit.
Right in -- -- -- actually heard this yet for you shouldn't keep your balance right -- your available.
Here you'll let it easily give much slower than I really can't thirty people wouldn't -- hail from Paris Club 30% is what's recommended I don't.
Well that's fine if we're talking about just charging for the month.
If you want to charge you full credit limit and then paid -- a -- every month you're fine but when you actually carry it over for -- not.
And you know what what's recommended is no more than 30%.
Its core -- debt to credit ratio and get your creditors will look at that to determine your credit worthiness.
And you could for instance really sacrifice some points in -- mortgage loan we're not gonna cry alone.
Because you've -- maxed out some credit -- to you may think you're fine because -- -- the obligation.
On that minimum payment that's going to the credit card company but doesn't bode well two other creditors that -- to extend the one.
And then minimum payment is -- such -- small -- -- what you know and it's a very small amounts yes.
And then finally here as tip number five we have points and rewards found me.
What other phases one year racking up those billionaires look -- some -- -- -- -- and the two best ways that people like to get rewarded from at least tried to manage credit cards.
I -- -- the points or miles miles translate into law.
Think contestant and travel trivia column points translate into cash -- welcome times or other rewards in the way -- certificates merchandise primaries in -- now.
Now it's yeah it's really one point one dollar and translates to one penny if you take.
They had a barometer could in my one point one dollar -- and -- it's integrated it and now my home you know the bottom line is it's better than getting nothing back and certainly the credit credit at -- -- college tuition on credit card or something you know because who find clever ways to actually trusting anything the -- -- points personally Clancy thank you so much for coming -- And credit dash landed dot com is your website is up on the screen have a great day thank you.