Talking Cents

Our small business accountants in Sydney explain the dos and don'ts of credit cards

Credit cards are in and cash is out, so it is important for you to know about the do’s and don’ts relating to these easily accessible debt makers. So our small business accountants in Sydney will go over some of the sensible and not so sensible ways to use a credit card.

In order to avoid some serious financial troubles, our business accountant has got you covered with the dos and don’ts of credit cards:

• DO try to pay the entire amount remaining by the due date so that you are not hit with a load of interest
• DON’T just pay the minimum requirements, because if you do this then you’ll end up taking a long time to pay off your credit card
• DO use a debit card instead of a credit card
• DON’T miss out on payment deadlines!
• DO look for alternative credit cards if you are going to invest in one, as some banks have better offers than others
• DON’T get one if you can’t afford it

We hope that our business accountant in Zetland has given you some insight as to what can happen if you do the wrong things with a credit card and no one wants to end up in bankruptcy.

If you have any enquiries, please feel free to get in contact with our small business accountants in Sydney.