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What Every Credit Card Holder Should Know



I have been a credit card holder for years but I am proud to say that since then I have never paid any annual fee nor any interest and finance charges. A huge part of it is due to the fact that I strive to always pay in time and in full. Since I feel that I am such a good client, I think I can say that I have become a little demanding when I am dealing with them. I mean I treat them right so I think I deserve quality service. Along the way, I have discovered ways on how I can use credit card to my advantage. Let me share some of them now.

You can always find a way to waive your annual fee. That is if you are a good payer. Most credit cards waived the annual fee on your first year of being a member. But who said that it can’t be waived again next year. On my second year, Citibank waived it again as a reward for being a god customer. The third year, it was again waived with the condition that I received my billing statements via email. The fourth year, they waived it again because I was able to reach a certain amount of purchase.

You can waive your finance charges and late charges. Yes, you can request for a reversal of your charges. Again this is applicable the first time that you are unable to pay in full or in time.    

You can request for no interest. The sister of my officemate had a huge credit card bill when she unexpectedly lost her job. Worried that she would not have any money to pay for the bill, she called the card company to explain her situation. She asked if she could pay the amount in installment and if possible remove the charges to make it easier for her. The card company value her honesty and she got what she wanted.

Take advantage of the promos. Being a card older has its privileges and it pays to always be aware of them and how to avail it. I have enjoyed great freebies like 2 cute Mango watches from HSBC, a tall Starbucks treat from HSBC, movie discounts from Citibank, a manicure and foot spa with pedicure from East West Bank etc.

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