Let’s face it, in today’s society, consumers need all the advice they can get on managing their finances and avoiding the pitfalls presented by over-spending! Credit cards can either be an excellent tool for building your financial life or a great service when used properly. Continue reading for some great advice on how to properly use credit cards.
Do not close credit card accounts until you are aware of the impact it may have.
This gives the credit card companies the best opportunity to catch the offender. This will also the best way to make sure that you from becoming responsible for too many unauthorized charges. You can usually report fraudulent charges with a quick telephone call to the credit card company.
Only inquire in regards to opening retail credit card if you seriously shop at the store regularly. When a retail store inquires about your credit prior to opening an account, this gets reported on your credit report whether or not you ultimately get the card. Too many retail store inquiries on your credit score.
You want to stay away from both late charges as well as over limit ones. Both are high fees and exceeding your limit will also hurt your credit score. Be sure to never spend above the limit on your credit limit.
Be sure to study your credit card account before using it. The print might be tiny, but it is important to read it carefully.
Always make any credit card on time. Additionally, most companies will increase the interest rate on your credit card, meaning you will have to pay off higher balances in the future.
Retain a copy of the receipt when making online purchases with your card. Keep these receipts and compare them with your statement to make sure the amounts match. File a dispute if there is any discrepancy. This will ensure that you never overpay for the items that you purchase.
Don’t write your credit card’s PIN or password. You need to remember what your password is so that other people can’t access it.
Keep a current list of credit card companies and your own account numbers in a safe location. Put it in a secure location like a safe box at a bank, in a place that is separate from where you keep your credit cards. The list is useful as a way to quickly contact lenders in case of a lost or if they are stolen.
Some people try not to get credit cards so it will look like they can do for their credit. You must carry one card so you want to build credit. Use the card for a few purchases that you can afford to pay 소액결제 it off quickly. If you have no credit at all, your credit score could become lower and potential lenders cannot tell if you can manage your debts or not.
As previously said, consumers tend to be alone with their finances and generally fall into very high-interest rates because of the card companies! Use the tips here to avoid the pitfalls of using credit cards. Having good credit is important, and knowing how to handle a credit card is one of life’s challenges. You should be armed to handle it.