Crucial Credit Card Advice Everyone Can Benefit From
1. Crucial Credit Card Advice Everyone Can Benefit From
There are people that are afraid to have any charge cards because of all the problems that could
come up. Credit card use is nothing to be afraid of. Charge cards are often a necessity for online
purchases, car rentals and hotel stays. The article below discusses some of the best credit tips.
Never use a credit card for purchases that are beyond your means. While it is fine to use them for
items you may afford later, you should avoid using credit to purchase big ticket items that you are
going to run into problems paying for.
Make certain you aren't spending more than you are able to afford by tracking your credit card
purchases. If you don't, you may forget how much money you have already spent on your card- write
it down!
Keep a close eye on any changes to your terms and conditions. Often, you will find credit companies
changing their terms or conditions on a regular basis. In many cases, the changes that you should
really know about are buried deep in legal jargon. It is especially important to look for changes in
rates and fees.
Do not use credit cards to buy items that you cannot afford. If you want a big ticket item you should
not necessarily put that purchase on your credit card. You will pay a lot of interest and monthly
payments that you could not pay for. Take some time to sleep on the the decision and make sure it is
really something you want to do. If you decide that it is still worth purchasing, look into the retail
store's financing offers.
Only order a credit card by mail if you have a mailbox that locks. Many people have admitted they
have stolen bank cards out of unlocked mailboxes.
Know the credit card laws that have been enacted in recent years. For example, credit card
companies may not impose retroactive rate increases. They also cannot double-cycle bill clients.
Read up on the laws. To find out more, look for information on the CARD and Fair Credit Billing
Acts.
Don't give credit card numbers out on the internet or on the phone, unless you know and trust the
vendor you're dealing with. Be weary if you're receiving unsolicited offers that require you to give
out your credit card number. Scams and frauds abound and they will be more than happy to get
2. their hands on the numbers associated with your credit cards. Therefore, it is important to protect
yourself and remain diligent.
Verify all fees surrounding cards and don't think of only annual percentage and interest rates. The
card may come with additional fees and charges that make the card unbearable.
Don't send a credit card number through fax to anyone. Incoming faxes can sit in a holding bin
forever, leaving your credit card data vulnerable to anybody who happens to walk by. It is possible
that one of those individuals has bad intentions. You are then susceptible to fraudulent charges and
a whole host of other dilemmas.
Negotiate for a better interest rate, especially if you have been with the company for a long time.
You may be able to get better interest rates by negotiating with your credit card company. If you've
made your payments regularly and if you have proven that you are a good customer, they could give
you a better APR.
Anyone who is scared to use their credit card should feel better after reading this article. Credit
cards are very useful when they are used in the right way, so there is no reason to be afraid to use
them. Always remember the good advice you have been given and you will not have any problems.
