Credit cards can be a great help in your life for helping your manage your finances. Not only are they good for building good credit, but they also can give you a backup plan, in case of times where you incur unintended financial burdens. Check out this article for great information about credit cards.
Don't fall for the introductory rates on credit cards when opening a new one. Be sure to ask the creditor what the rate will go up to after, the introductory rate expires. Sometimes, the APR can go up to 20-30% on some cards, an interest rate you definitely don't want to be paying once your introductory rate goes away.
Make sure that you pore over your credit card statement each and every month, to make sure that every single charge on your bill has been authorized by you. Many people fail to do this and it is much harder to fight fraudulent charges after a lot of time has passed.
If possible, pay your credit cards in full, every month. Use them for normal expenses, such as, gasoline and groceries and then, proceed to pay off the balance at the end of the month. This will build your credit and help you to gain rewards from your card, without accruing interest or sending you into debt.
Don't ever use passwords or pin codes that are easily figured out by strangers when setting up your credit card options. Information like birth dates or middle names make terrible passwords because they can be easily figured out.
If you are purchasing something at a retail location with a credit card, make sure that you never leave any spaces on the receipt blank. This includes putting lines or crosses on tip lines or other blank areas. You should also check your statements to ensure your purchases actually match the ones that are on your monthly statement.
Late fees should be avoided as well as overlimit fees. Both are pretty steep, and the cost of going over the limit can not only affect your wallet but also your credit report. Be vigilant and pay attention so you don't go over the credit limit.
As stated earlier, credit cards can be a great thing to have, not only to help with your long term needs, but also with things that may come up in the near future. Be sure to follow the information provided in this article for guidance on managing your credit cards.
Don't fall for the introductory rates on credit cards when opening a new one. Be sure to ask the creditor what the rate will go up to after, the introductory rate expires. Sometimes, the APR can go up to 20-30% on some cards, an interest rate you definitely don't want to be paying once your introductory rate goes away.
Make sure that you pore over your credit card statement each and every month, to make sure that every single charge on your bill has been authorized by you. Many people fail to do this and it is much harder to fight fraudulent charges after a lot of time has passed.
If possible, pay your credit cards in full, every month. Use them for normal expenses, such as, gasoline and groceries and then, proceed to pay off the balance at the end of the month. This will build your credit and help you to gain rewards from your card, without accruing interest or sending you into debt.
Don't ever use passwords or pin codes that are easily figured out by strangers when setting up your credit card options. Information like birth dates or middle names make terrible passwords because they can be easily figured out.
If you are purchasing something at a retail location with a credit card, make sure that you never leave any spaces on the receipt blank. This includes putting lines or crosses on tip lines or other blank areas. You should also check your statements to ensure your purchases actually match the ones that are on your monthly statement.
Late fees should be avoided as well as overlimit fees. Both are pretty steep, and the cost of going over the limit can not only affect your wallet but also your credit report. Be vigilant and pay attention so you don't go over the credit limit.
As stated earlier, credit cards can be a great thing to have, not only to help with your long term needs, but also with things that may come up in the near future. Be sure to follow the information provided in this article for guidance on managing your credit cards.
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