Take A Look At These Credit Card Tips
It’s always handy to carry a little cash, but more and more, credit cards are becoming the standard way of purchasing things. As banks start to charge more for just about every kind of credit service, more and more people are using their credit for all types of transactions. Keep reading to determine how credit cards can work for you.
Speak with the credit card company right after you see a charge on your statement that you did not make. If you do this, your credit card company will have a good chance of tracking down the thief. Also, by notifying the credit card company immediately, you can ensure that you aren’t in any way responsible for the charges. All it takes is a quick email or phone call to notify the issuer of your credit card and keep yourself protected.
Many credit card offers include substantial bonuses when you open a new account. Make sure that you understand everything that is written in fine print since many credit card companies have specific terms you need to adhere to in order to get bonuses. A common term is the requirement that you make a particular amount of expenditures in a given time frame in order to qualify, so you should be confident that you can meet the conditions before you jump at such an offer.
Do not sign up for a credit card because you see it as a way to fit in or as a status symbol. While it may seem like fun to be able to pull it out and pay for things when you have no money, you will regret it, when it is time to pay the credit card company back.
To help you get the maximum value from your credit card, choose a card which provides rewards based on the amount of money you spend. Many credit card rewards programs will give you up to two percent of your spending back as rewards which can make your purchases much more economical.
Check your credit report regularly. By law, you are allowed to check your credit score once a year from the three major credit agencies. This may be often enough, if you use credit sparingly and always pay on time. You may want to spend the extra money, and check more often if you carry a lot of credit card debt.
Be aware that there are credit card scams out there as well. Many of those predatory companies prey on people that have less than stellar credit. Some fraudulent companies for example will offer credit cards for a fee. When you send in the money, they send you applications to fill out instead of a new credit card.
It is a smart idea to have a couple of credit cards. Not only does this increase your credit ranking, but when you pay every month, you also increase your line of credit. You should have no more than three open credit cards. If you have more than three credit cards, it may be more difficult to qualify for a loan.
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. Keep it in a safe spot, such as a safety deposit box, separate from all of your cards. The list will assist you in promptly notifying card lenders should you lose your cards or have them stolen.
A multitude of consumers have elected to go with credit cards over debit cards because of the fees that banks are tying to debit cards. Thus, there are more opportunities for everyone to find a credit card offer that suits their needs. Use this article to improve your own knowledge.
Written by Powercredit.com.sg