Credit card took the place of cash instantly; people started calling it plastic money. Bank introduced those cards to help people in urgent need but consumer used them to fulfil their unnecessary needs. But it doesn’t mean that consumer will never be able to come out from the credit card debts. There are few steps of credit card management that helps to reduce debt, if follows properly:

-         Use only 1-2 cards: avoid retaining more than 2 cards, as it affects the credit ratings.

-          Use grace period: ever bank provides 21 days grace period to make the payment.

-         Online payment: pay online that helps to save valuable time and money.

-         Cash: don’t withdraw cash through credit cards

-         Late payments: avoid late payments as much as you can

The couple should decide what the credit card should be used for. Some people think credit card should not be used for daily purpose but others think it can be used for all daily purchasing.

Discuss debt tolerable. Set some level which is in your range and ask your partner to do so. Don’t accept the owing that may be destructive for you. These discussions should be done slowly and intelligently as they can cause quarrels.

Discuss what you want to do with the rewarded points. Make a habit of reviewing your points together and turn the building points into a couple project and then discus how to cash them.

The partner currently managing the account may not be a good manager. If there is a pattern of delayed or missed payments, then the other partner should take over the account management.

It is very important to discuss whether you ant to have a joint account or an individual account. Joint account may lead to problems as everyone is not comfortable in disclosing the spending habits and individual account may be a breeding ground for secrets.