Credit Card Tips That Can Change Your Life!

Posted by shoparoundthefleas on Nov 29, 2015 in Personal Finance Tips | Comments Off on Credit Card Tips That Can Change Your Life!

Credit Card

This allows the credit card issuer the best opportunity to find the person responsible. This will also the best way to make sure that you being held responsible for their charges. You can report fraudulent activity through a simple email or phone call to the credit card company.

Pay 100% of your whole card balance every month if you can.In the best scenario, you shouldn’t carry a balance on your credit card, and are completely paid off before the next billing cycle starts.

Read emails and email that you receive from your credit card company upon receipt. You can cancel a credit card if you disagree with this.

It doesn’t make sense to pay annual fees when there are many bank cards that don’t charge these fees.

Birth Date

Don’t use passwords and pins for your charge cards that can easily be figured out. Using your birth date, middle name or birth date can be a costly mistake, as all of those things may be easy for someone to decipher.

Do not use your credit card for buying things you truly cannot afford. Just because you desire to have a new TV, doesn’t mean a credit card is the best way to buy it. You will be paying a lot of interest and your monthly payments might be more than the initial cost due to interest. Make decisions only after thinking them over for a couple of waiting 48 hours before making any large purchases on your card. If you still want the item, the store’s financing usually gives low interest rates.

Be careful about making online purchases with your credit card on the Internet. Prior to entering credit card information within the Internet, be certain that you are accessing a secure site. This is the best way to keep your personal information safe. Be sure to ignore emails you receive that ask for card information as these are attempts at getting your personal information: you should call the company or go to their website and do not reply to those emails.

Before you get something online with a credit card, you need to make sure that you are dealing with a legitimate seller. Call the company to be sure they are still in business, and avoid buying from merchants that do not list an address on their website.

Never reveal your credit card account number out over the phone. Scammers use this ploy. Only share your card number with trusted businesses you can trust. Never give your numbers to someone who may call you on the phone. It does not matter who they say they are, you still are not fully aware of who might be on the other end.

You should not switch credit accounts unless it is absolutely necessary. The length of time that your account history with an individual creditor is factored into your credit score. Part of building credit is keeping the accounts open.

It is remarkable how many uses a credit card has. They can be used to buy groceries, for the sole purpose of creating a strong credit profile, and for many other reasons. Make use of the tips above and learn to use your bank cards wisely.