No one wants to lose out on the big things in life like buying a car or a house, because they misused their credit cards earlier on in life. This article has lots of ways to avoid big mistakes regarding credit cards, and also ways you can start to get out of a jam, if you’ve already created one.
Don’t fall for the introductory rates on credit cards when opening a new one. Be sure to ask the creditor what the rate will go up to after, the introductory rate expires. Sometimes, the APR can go up to 20-30% on some cards, an interest rate you definitely don’t want to be paying once your introductory rate goes away.
If you are in the market for a secured credit card, it is very important that you pay close attention to the fees that are associated with the account, as well as, whether they report to the major credit bureaus. If they do not report, then it is no use having that specific card.
Never give out your credit card number to anyone, unless you are the person that has initiated the transaction. If someone calls you on the phone asking for your card number in order to pay for anything, you should ask them to give you a way to contact them, so that you can arrange the payment at a better time.
It can not be stressed enough how important it is to pay for your credit card bills no later than the invoice deadline. If you do not pay your credit card by the due date, you will incur hefty charges. Not only that, many companies will make your interest rate higher, and that means that everything you buy from that point on will cost more in the long run.
Always read and understand all of the terms of your credit card offer before accepting it. If you don’t fully read the terms and conditions, you could be shocked by the interest rate, the fees and the payment schedule of your credit card. Carefully read over the fine print so that you can ensure you completely understand the policy.
Be sure you sign your cards as soon as your receive them. Most merchants require that your signature matches your I.D. This can help to ensure no one uses your card unauthorized.
When you buy with a credit card on the Internet, keep copies of your receipt. Keep this receipt until you receive your bill to ensure the company that you bought from is charging you the right amount. If that is not the case, get in touch with the company and dispute the charge right away. This method ensures that you are always charged the correct amount on all of your purchases.
Don’t let your past issues with credit cards slow you down in the future. There are many things you can do right now, to start digging yourself out of that hole. If you’ve managed to stay out of it up to this point, then the advice you read here can keep you on the right track.