How to make most out of your Credit Cards

You would no less be tortured by calls for various banks for personal loans and credit cards. The normal reaction is "Sorry I dont need it". Well today I would ask you to pause for a while and think before your response. What should be your reply, you would come to know about it by the end of next paragraph.

Enormous revolution and LIBERALIZATION in banking sector has taken competition to a level wherein we are using bank's funds for around 45 days at zero % interest rate. But every bank has its billing cycle and if your big shopping is due on last few days of billing cycle, you end up loosing full credit period. So is postponing spend is the solution ? I would say "NO". The solution to this is to keep multiple Credit Cards of various banks with various billing cycle. So every time you go for shopping, use the credit card which had last billing cycle. This way you will be able to utilize full credit period offered by banks.

So check out your wallet, how many credit cards you have and next time you get a call from bank for credit card, just say "Yes I need it."

However word of caution :-

1. Credit Cards need to be kept under safe custody to avoid any kind of misuse
2. Keep a track of payment cycle without fail, else you will end up paying charges more than you save

When banks are offering period credit for 45 days, why should customer leave such options. So go ahead and pluck low hanging fruits.