Considering a new credit card
Get Some Good Advice on Using Credit Cards Here
Would you like to know a little more about how to use credit, but are scared to ask? This article is prepared to teach anyone a little more about proper credit usage and inform all consumers about common issues that they may face. Continue reading to learn better credit card information.
Keep a current list of credit card numbers and company contacts. Keep it in a safe spot, such as a safety deposit box, separate from all of your cards. Use this list to contact your credit card issuers if your cards are ever lost or stolen.
Whenever you are considering a new credit card, you should always avoid applying for ones that have high interest rates. While interest rates compounded annually may not seem all that much, it is important to note that this interest can add up, and add up fast. Make sure you get a card with reasonable interest rates.
Make sure that you do not order any credit cards in the mail if you do not have a secure place it can be delivered to. A lot of people who have stolen cards in the past did so with ease by taking it before you do, direct from your mail.
Don't write down your password or pin number. You need to memorise your password, as this is the only way you can ensure that no one else will find it and use it improperly. If you have the pin number written down and near your credit card that makes it super easy to steal, and a true gift to criminals.
Using Credit Cards
If you are going to make purchases over the Internet you need to make all of them with the same credit card. You do not want to use all of your cards to make online purchases, because that will increase the chances of you becoming a victim of credit card fraud. The credit card that you use to make purchases is very important and you should try to use one that has a very small limit. This is good because it will limit the amount of funds that a thief will have access to, should the worst happen.
To avoid interest charges, don't treat your credit card as you would an debit card. Don't get in the habit of charging every single item that you buy. Doing so, will only pile on charges to your bill, you may get an unpleasant surprise, when you receive that monthly credit card bill.
Food shopping and Restaurant bills shouldn't always be paid with a credit card. These will take a while to appear on the statement you get, and that makes you balance hard to know. It is possible that this will cause you to spend more because you think that the balance is less than what it actually is.
Now that you've read this article, you should know more tips about using credit properly. Using this information can help you be more confident with your cards, so that you can buy something, or pay off bills or debt.