Credit cards can help you enjoy more purchasing power and allow you to build your credit score. However, they can also get you in trouble. The increasing cost of living across the globe has also led to higher dependency on credit cards. Consumers use credit cards to fill the gap between their income and their expenses. Despite the risks, credit cards can be useful when managed with responsibility. Here are different ways you can be a debt-free credit card user.

Change how you use your card
Many tend to use their credits cards as means to bridge the gap between their income and expenses.

Be self-disciplined
Self-discipline is the key to being a debt-free credit card user. You do not need a big income to pay off your credit card dues. If you plan your monthly expenses and manage your finances well, you will be able to make the repayments of your credit card before the due date.

Build an emergency fund
You never know when might have to face an emergency situation that will require you to pay huge bills. In order to be prepared for the worst, keep aside an emergency fund. This will prevent you from using for your credit card and then paying the interest later on. You should ideally have six months’ worth of expenses in your emergency fund. Take into account your monthly expenses and build a fund for the future. Reaching a savings milestone can motivate you to continue building your fund.

You Might Also Like: All You Need To Know About Credit Card Fraud

Do not use multiple cards
Consumers believe that different cards can build a very good credit score. However, it is the history of payments which build the score. Having one or two cards is enough for most people. If you have many cards, it will become difficult to keep a track of the same and could lead to multiple late payments.

Make payments early
The easiest way to a debt-free credit card is to ensure that the payments are made in time. Get a grasp on your spending and pay off the balance at the earliest. It is easier to pay small balances than to pay one large balance at a later date. Keep a close eye on your expenses at all times.

Use the rewards
Credit card rewards allow you to splurge without making much changes to your budget. Redeeming rewards is one of the useful perks of having a credit card. If you redeem your rewards and points in wisely, you will be able to enjoy the perks without making a dent in your finances.

Keep yourself updated with the latest on  Credit Cards . Like us on  Facebook  and follow us on  Twitter  for more on Investments.