Prudent credit card management is essential for financial stability. When using credit cards for assistance, repayments should exceed the minimum to avoid extra charges. Maintaining a 30% credit utilisation ratio involves preventing balance rollover. Timely automated payments prevent late fees, and regular statement reviews detect fraud. Reserve high-interest cash advances for emergencies. Avoid exceeding your credit limit to prevent payment challenges and a decline in your credit score. Opt for upgrades over cancellations to preserve a positive credit history. Meticulous record-keeping across multiple cards ensures timely payments, preventing overages and thereby shielding you against the risk of crippling debt.
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