3 Tips to Successfully Manage your Credit Card

I got my very first credit card when I started working in Dubai way back in 2008. I got my very first credit card when I started working in Dubai way back in 2008. I had no idea about the blessings & curse of having one. A year after, when some of my colleagues got into legal troubles because of unpaid credit card dues, I felt thankful to a friend name Cherry who taught me how to manage my credit card effectively.

Here are the tips:

1. Spend within your means.

The credit card is not another source of income. It is a temporary source of cash. In the end, you will still pay for the amount you have used. So when you use your card, think first how you will pay for it. Some people are impulsive buyers. If they have credit cards on hand, they will end up buying stuff off the budget. It would be better not to take your credit card with you all the time.

2. Pay on time the full amount due.

Pay on or before the due date and pay not just the minimum amount but the full amount owing. If you do not pay the total amount, the bank will charge you with late payment fee & interest. Make sure you use the card only up to a level where you can pay on time.

3. For big purchases, apply for installments.

Some banks are offering zero interest on installment payments. But if they charge interest, it would still be lower than the late payment fee and interest charged when you miss payments. When I bought my mom a 45-inch TV using my Citibank credit card, I applied for a three-month easy payment plan.

I have been following the above tips since eight years ago. Never did I missed a payment, so I’ve never been penalized by the bank. I always avail of installment payment whenever I have massive purchases. And I have no problems with credit cards. It has given me free lounge access worldwide, and I earn frequent flyer miles from it.

I know people in Dubai who have been jailed because of credit card misuse. Likewise, I see a lot who have reaped benefits from credit cards. In conclusion, a credit card is a beneficial tool. There is no doubt about it. But you need to control its use, or else it will be a source of your life’s misery.

As I mentioned above, there are blessings that come along with the credit As I mentioned above, some blessings come with the credit card aside from being a temporary source of cash. There are many other benefits that you may enjoy, such as airport lounge access, buy 1 get 1 in Vox Cinemas, airport meet and assist service, and many others depending on the card. Please take the time to read my other article, Get a Free Worldwide Airport Lounge Access.


EarnPeso holds no control over your financial fate. It is here as a guide. Exercise prudence in every investment or business you undertake, and success will follow.

I hope this article provides you essential information to improve your finances. Check Finance Tips for more insightful essays.

Do you have any questions? I would love to hear from you. Please leave a message in the comment box below or follow and message me on Facebook.

Author: Jundril Colita

Jundril Colita is a Filipino expatriate based in Dubai. An entrepreneur/investor and a minimalist who loves traveling.

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