Today credit card is very useful tool to manipulate Money. Generally you get 40 - 50 days credit on purchase by your credit card. But how you get the best benefits read below carefully & use this.
1- Monthly Statement Date : First thing you must know your credit card statement date.
The statement date is the billing period of your credit card. Suppose your monthly statement date is 1 to 30 then on every purchase on 2nd, you get full 30 days credit because the bill date is on 1st. Now next 1st of the month your bill will be generate & + 15 days more time you get to repay this bill. So total 30 + 15 days you have time to repay.
2. Now The Benefits Begins :
- You must have 3 - 4 different bank credit cards.
- Make at least 10 days difference between statement date of your credit cards.
- Suppose you have 3 different Credit cards A, B & C.
- Now for A credit card statement date is 1st of the month.
- for B credit card statement date is 11th of the month and
- for C credit card statement date is 21st of the month.
Now you want to purchase something and date is 5Th then you use A credit card, and if the date is 18th then you use B credit card and if the date is 24th then you use C credit card.
I hope you like this, I need your opinion mail me Net4income@gmail.com