Credit Card Tips From People That Know Bank Cards


Charge cards are usually associated with high interest rates and bad spending decisions. However, when used properly, charge cards provide many benefits, such as financial peace of mind, while also offering the chance to earn rewards and perks. To find out what credit cards can do for you, continue reading this article for advice.

TIP! Never use a credit card for purchases that are beyond your means. It is okay to buy something you know you can pay for shortly, but anything you are not sure about should be avoided.

Keep a record of your credit card purchases to avoid creating more debt than you can pay for. It is easy to loose track of the money you spend when you use your card unless you make a commitment to keep track in a note book or spreadsheet.

Purchases Online

TIP! Speak with the credit card company right after you see a charge on your statement that you did not make. The earlier the credit card issuer knows, the better chance they have of stopping the thief.

If you make credit card purchases online, do not do so from a public computer. Public computers at libraries, cafes and other places, may store your private information, making it easy for a technically savvy thief to gain access. If you use these types of computers, you are setting yourself up. When making purchases online, use your own computer.

Don’t write your password or pin down in any circumstances. You must remember the number so that others can’t access your account. Anyone will be able to access your account if they get hold of your written pin number, especially if it is stored with your card.

Credit Card Information

Be careful if you buy things online with your credit card. Prior to entering credit card information within the Internet, be sure you’re using a secure site. A site that is secure will keep your data confidential. Don’t respond to emails that want your credit card information because these are just trying to steal from you usually.

TIP! To verify you are not paying for premium features you don’t need on your credit card, see if the card company charges an annual fee for it. The fees for premium credit cards can range from a small amount to a very large amount depending on how many cards the company issues.

Don’t make any credit purchases with suspicious vendors. Call the company to be sure they are still in business, and never buy from a store that has no street address listed.

If you don’t like the interest rate you are being charged, feel free to ask your credit card company to change it. If they will not do so, it might be time to shop for a new card. After you find one, change to the credit card that will service your needs better.

TIP! Know what interest rate your credit card gets. You must understand the interest rate before agreeing to accept a credit card.

Your natural inclination may be to pay down your credit card whenever you have the money to do so. This isn’t always the best move. It is best just to pay it off each month when the bill is due. This improves your credit score and better reflects your ability to manage your credit when prospective lenders access your report.

Credit Card

TIP! Keep a close eye on your balances. In addition, you should ensure you know the limit your creditor has provided you.

Understand the recent developments in credit card law. As an example, newer laws prohibit credit card companies from making any rate increases retroactive. It is also against the law to double-cycle your bill. Take the time to learn the governing credit card laws. The CARD and Fair Credit Billing Acts are the two main legislative changes that have been instituted recently.

You should always look over card statements very thoroughly. Check to see if there are errors, and make sure that you actually incurred all the charges. Let the credit card company know right away if something is not correct. By keeping a close eye on all of your statements, you will prevent inaccurate charges and keep your credit score high.

Card Information

Do not give your card information over the phone unless you know and trust the company involved. The same goes for using credit online. Be extra careful if you receive an unsolicited offer for which credit card information is requested. Scams and frauds abound and they will be more than happy to get their hands on the numbers associated with your credit cards. Be very careful, and protect yourself.

TIP! Those of you looking to get a new credit card should limit their search to cards that have low interest rates and do not have an annual fee. It wastes money to have to pay annual fees when there are lots of credit card companies that don’t charge these fees.

To protect your credit, never use a fax to send your credit card information. A fax may be left there for a long time and your information could be stolen by anyone. Even a small amount of information can give other people the ability to use your card. If a criminal steals your credit card number, your credit could be seriously damaged.

Cut a deal on the interest rate you pay. If you contact the company directly, you could end up bartering your way to lower rates every month. If your payments have always been timely and you have been a solid customer, you stand a good chance of being granted a reduced APR.

TIP! Keep a list of the “lost/stolen card” phone numbers for each of your credit card issuers along with your credit card number for reference. File this list in a safe place with other important papers.

Be absolutely sure that your child is prepared to handle a credit card. It can be hard to say no to a child, but it’s better to deny them something that could cause them financial disaster if they are not ready.

When used the correct way, credit cards have many benefits. Bank cards can help in an emergency or offer rewards. Use the advice from this article to most effectively use your charge cards.