Key Best Practices for Using Your Credit Card Wisely


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Many people see credit cards as a risk but that is only true if they are not used correctly. Yes, when you choose to own and use a credit card, you are borrowing money. Therefore, it will have to paid back, on time and managed correctly.

If you are aware of the risks and how to manage them, then you can use a credit card to cover a number of expenses. Of course, there are many credit cards available and so, identifying the best credit cards will require you to carry out a comparison using With this in mind, what are the best practices for using a credit card wisely?


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Covering Medical Expenses

We all require medical attention at some point in our lives. However, medical costs are increasing and medical bills can prove expensive. Therefore, when the time comes to cover the cost of your medical treatment, it can help to use a credit card. This is something that is not definitely recommended but it is worth considering. This is down to the fact that you should have some kind of medical insurance in place to help cover these kinds of costs. When you are short of options, using a credit card is your best option.


Booking Your Holiday

They say that travel broadens the mind and that is very true but it can also empty your bank account rather quickly at the same time. Even though the cost of that dream holiday can seem expensive, sometimes it is worthwhile finding the best credit card for covering these kinds of costs. If you select the right card, you could find that you save money on other aspects of your travel. It is also worth considering whether the card is accepted abroad because that could mean that you need to carry less cash.

So, before going ahead and booking everything on a credit card, take a look at the foreign exchange rate on that card, find out if there are any fees and see if you receive discounts or rewards for doing so.


Additional Reading: 3 Tips for Selecting a Credit Card in Pakistan


It is important to remember that even though a credit card is a viable option, if you use it incorrectly then it will cause you problems. Therefore, it is vital that you plan your costs before you head off to ensure that you are not hit with any unexpected bills when you return.


Important Life Event

There are some events in life that we know will happen at some point such as a birth or marriage. As these are often pre-planned, it is not always ideal to cover the costs by using a credit card. As you will have time to plan, you will have time to save and that means that you are not recommended to use a credit card. Still, remember that even when saving, you still have to have enough money to cover the costs.


Covering the Cost of a Celebration

It seems as though these days, people look for any excuse to have a party and celebrate something special. There is nothing wrong with this but there are costs involved. When you have good news such as a work promotion or purchasing a new home, you feel the need to share it with people you love and cherish. However, celebrating to the point where you are financially crippled is not recommended as these celebrations can prove costly. You should consider spending only what you can afford as this will help you to stay out of debt and this is where you should manage the costs ion order to enable you to select a credit card.


Purchasing Gifts and Dining at Resturants

Purchasing gifts for people is always a pleasurable thing to do but you should not put yourself in debt to cover the costs. If you know that you are going to have to give gifts, then you can pre-plan and save accordingly instead of letting yourself get tied up in a credit card. Also there are numerous offeres provided by credit card providers and banks on their cards when used for dining at resturants. A number of discounts are made available so make best use of such discounts.


Credit Cards Can Work

We all know that credit cards serve a purpose and they are there for us when we need them at certain times of our lives. However, the important thing to consider is just when they are used and how they are used. Covering expensive things such as holidays or medical expenses makes sense to some extent because they can cost a lot but smaller, unnecessary expenditures should be budget for in advance. If you decide that a credit card is right for you, then look for the best credit cards by carrying out a comparison online.


Visit to compare and apply all the credit cards offered by leading banks in Pakistan and making a well informed decision.


“Mawazna Karein Apne Liye, Apno key Liye”