{"id":1793,"date":"2020-11-12T09:04:53","date_gmt":"2020-11-12T05:04:53","guid":{"rendered":"https:\/\/moneymall.ae\/credit-blog\/?p=1793"},"modified":"2020-11-12T09:05:03","modified_gmt":"2020-11-12T05:05:03","slug":"credit-card-rules","status":"publish","type":"post","link":"https:\/\/moneymall.ae\/credit-blog\/credit-card-rules\/","title":{"rendered":"3 Credit Card Rules to break in case of an emergency"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In the financial world, there are very strict credit card rules guarding the usage due to the risks they pose on both the cardholder and the credit card issuer (which is usually a bank or a financial institution). With the outbreak of the coronavirus pandemic, there are several rules that need to be broken to get us through these tough times. With that, <\/span><\/p>\n<h1><span class=\"ez-toc-section\" id=\"here_are_some_of_the_credit_card_rules_that_you_could_break_in_times_of_stress_and_anxiety_much_like_what_all_of_us_are_facing_right_now\"><\/span><span style=\"font-weight: 400;\">here are some of the credit card rules that you could break in times of stress and anxiety, much like what all of us are facing right now.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2337443fb3a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2337443fb3a\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-card-rules\/#here_are_some_of_the_credit_card_rules_that_you_could_break_in_times_of_stress_and_anxiety_much_like_what_all_of_us_are_facing_right_now\" >here are some of the credit card rules that you could break in times of stress and anxiety, much like what all of us are facing right now.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-card-rules\/#Introduction\" >Introduction<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-card-rules\/#%E2%80%9CNever_have_carry-over_balance_month_after_month_on_your_credit_card%E2%80%9D\" >\u201cNever have carry-over balance month after month on your credit card\u201d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-card-rules\/#%E2%80%9CCredit_cards_are_not_for_emergencies%E2%80%9D\" >\u201cCredit cards are not for emergencies\u201d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-card-rules\/#%E2%80%9CYou_always_have_to_pay_more_than_the_minimum_amount%E2%80%9D\" >\u201cYou always have to pay more than the minimum amount\u201d<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-card-rules\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n<figure id=\"attachment_1814\" aria-describedby=\"caption-attachment-1814\" style=\"width: 1080px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/moneymall.ae\/credit-blog\/credit-card-rules\/credit-card-rules\/\" rel=\"attachment wp-att-1814\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1814\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2020\/11\/Credit-card-rules.jpg\" alt=\"Credit card rules\" width=\"1080\" height=\"1920\" \/><\/a><figcaption id=\"caption-attachment-1814\" class=\"wp-caption-text\">Credit card rules<\/figcaption><\/figure>\n<h1><span class=\"ez-toc-section\" id=\"Introduction\"><\/span><span style=\"font-weight: 400;\">Introduction<\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><span style=\"font-weight: 400;\">The inherent purpose of your credit card is to have enough cash whenever you need it. If you\u2019re a responsible credit cardholder, you can look at it in the form of free money every billing cycle if you make your payments on time. If you pay off all your debts on time within the payment period, you get to use the bank\u2019s money for the entire month without any interest! Attractive, right?<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">However, the ownership of a credit card also gives you the financial liberty to use that credit however you want. In times of crisis like these, you must not feel ashamed or targeted to break some unsaid rules that revolve around the usage of credit cards. Here are some of them:<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CNever_have_carry-over_balance_month_after_month_on_your_credit_card%E2%80%9D\"><\/span><span style=\"font-weight: 400;\">\u201cNever have carry-over balance month after month on your credit card\u201d<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Credit card debts are very expensive! However, in times of crisis, you might not always have the dough to pay off your entire credit card bill every month. Hence, you must not hesitate to carry forward your remaining balance to your next month. This way, you don\u2019t have to stretch your resources to pay off your debts when most people are still struggling for a meal. Hence, you must realize where your financial priorities lie in today\u2019s times and make sure you use your cash resourcefully. Ignore the rule that you have to pay off all your debt every single month. Your credit card can take some debt, don\u2019t worry about it.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CCredit_cards_are_not_for_emergencies%E2%80%9D\"><\/span><span style=\"font-weight: 400;\">\u201cCredit cards are not for emergencies\u201d<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Very often, you do not have enough saved up in your bank account to fund every emergency that comes your way. It might be medical bills, helping a friend out or a market crash. Hence, in such a situation, you have to rely on your credit cards to help you out. With a set credit limit, most of which you never (presumably) use, you have enough credit to help you out. When you use your credit for emergencies, you no doubt open yourself up to some interest over time, but that\u2019s OK. The important thing is that you\u2019re funding your immediate requirements and necessities, ones that can\u2019t wait. If you\u2019re infected with the pandemic, don\u2019t be afraid to charge your credit card to the hospital bill. There are bigger fish to fry. Unsaid credit card rules and credit card statements can wait.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CYou_always_have_to_pay_more_than_the_minimum_amount%E2%80%9D\"><\/span><span style=\"font-weight: 400;\">\u201cYou always have to pay more than the minimum amount\u201d<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you have credit card debt or credit balance that gets carried over every month, you probably have thought about paying off the minimum balance every month and letting the rest of the debt \u201cjust sit there.\u201d While this might be bad advice in normal circumstances, in the midst of a pandemic outbreak, it is not so. It is okay to pay off the credit card in a minimum balance fashion every month so that:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">You have some cash leftover for most of your everyday expenses like food and gas<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">You do not incur any extra late payment charges on your credit card (which is the last thing you need right now)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">You\u2019re working one step at a time towards paying your credit card bill<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">With respect to the credit card company or your bank, you\u2019re not a defaulter yet because you\u2019re making consistent payments<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Your credit score does not take a severe blow<\/span><\/li>\n<\/ul>\n<h1><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><span style=\"font-weight: 400;\">Conclusion<\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><span style=\"font-weight: 400;\">Hence, even though doing all that is mentioned above might be bad financial advice during normal circumstances, the outbreak of a pandemic is hardly normal. With loved ones and your own health to worry about right now, it is certainly OK to break some of these unsaid rules about credit cards and think about more important things. Hence, do not worry about a little more cash that you have to dole out at the end of all this. You can always pay off that extra interest when things get back on track; right?<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the financial world, there are very strict credit card rules guarding the usage due to the risks they pose [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2],"tags":[459,59],"class_list":["post-1793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-cards","tag-credit-card-rules","tag-credit-cards-uae"],"_links":{"self":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/comments?post=1793"}],"version-history":[{"count":3,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1793\/revisions"}],"predecessor-version":[{"id":1818,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1793\/revisions\/1818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media\/1815"}],"wp:attachment":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media?parent=1793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/categories?post=1793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/tags?post=1793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}