How To Avoid Getting Into Trouble With Credit Cards
Some people choose to live without credit cards because they fear that they might run up lots of debt if they got one. Replace fear with a commitment to succeed with credit cards. In fact, they can be very helpful, especially when you wish to purchase something without using cash. In the article that follows you can find advice that will help you with credit cards.
Whenever you see fraudulent charges on your statement, make a report right away. This way, they will be more likely to discover the culprit. Doing this also helps ensure that you will not have to pay for such charges. Any charges that you did not make need to be reported to your credit company with a phone call or a high-priority email.
If you apply for a store-branded credit card, make sure it is a store that you shop at regularly. When retail stores put in an inquiry on your credit to qualify you for a card, it gets recorded on your credit report whether you open the card or not. Too many inquiries on your credit can lower your credit rate.
Be sure to check your credit card’s terms to see if it charges an annual fee to use the card. You want to make sure that you don’t pay a premium for the credit card. If you are the owner of a platinum card or a black card, the annual fees can be up to $1000. If you do not require a card like this, choose a card with lower or no fees.
The advice on credit cards you got in the article you just went over should help alleviate any credit card fears you may have had. When used properly, credit cards are a great convenience and a useful tool for improving your financial life. Always remember the good advice you have been given and you will not have any problems.
Some people choose to live without credit cards because they fear that they might run up lots of debt if they got one. Replace fear with a commitment to succeed with credit cards. In fact, they can be very helpful, especially when you wish to purchase something without using cash. In the article that follows…