Information That All Credit Card Users Must Know

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Some people are scared at the idea of having a credit card due to problems that can arise with them. Credit cards should not be feared. Credit cards are great for the times you want to buy something, but desire to not use cash to make the payment. This article has excellent credit card tips.

Know what interest rate your card comes with. It is essential that you find out before you ever sign up for the card. You could be charged much more than you originally thought if you are not sure of the rate. If the rate is higher, you may find that you can't pay the card off every month.



Do not apply for a new credit card before understanding all the fees and costs associated with its use, regardless of the bonuses it may provide. Make sure that you go over the fine print because a lot of these credit cards will have terms that are very specific on qualifying for bonuses. Some companies, for example, specify that you must charge a minimum amount on your card within a specific time period. Make sure you will truly be able to qualify for such bonuses.

Do not use public computers to make purchases with a credit card. Your credit card number could be stored in the auto-fill programs on these computers and other users could then steal your credit card number. It is a big mistake to put your personal credit card information on a public computer or network. When making purchases online, use your own computer.

To retain a favorable credit score, be sure to make your payment for your credit card by the due date. Late payments can cost you a lot in fees. and in the hit to your credit score. Automatic payments are a great way to avoid late payments on a credit card.

Public computers should never be used to buy items with your credit card. These computers will store your information. This makes it easier to steal your account. Entering confidential information, like your credit card number, into these public computers is very irresponsible. Restrict your purchases to your own personal computer.

Read any communication about your credit cards, whether online or in the mail, right away. Credit card companies can add or change fees, interest rates, and annual fees if they provide you with a written notice of such changes. Remember, if you don't like any of the changes, you can legally demand that your credit card account is closed.

When using your credit card online, you should always keep a sales receipt copy. Keep it until you receive your statement so you can be sure the amounts match. File a dispute if you were overcharged as soon as you discover it. This will ensure you don't get overcharged for your purchases.

Do not lie about the amount of money that you make in order to apply for a credit card that has a much higher limit. There are companies that will not do an income verification, which often leads to higher limits that are difficult to control.



Have a list you keep of all your credit card accounts by number as well as the lender's contact numbers. Put the list somewhere safe, in a place that is separate from where you keep your credit cards. Should your cards ever be lost or stolen, you can use this list to promptly notify the companies that issued your credit cards and advise them of the situation.

With any introductory interest rate offer or balance transfer offers, you must read all the fine print. Fully understand what happens when the introductory period ends. Most of the time, this hides huge rates that will occur once this period is complete. Know exactly what you're getting yourself into before accepting any card.

Any credit cards that you have that you do not use, should be closed. You may be a target of identity thieves if you keep an unused credit card account open. Some credit card companies charge an annual fee even if you are not making any charges against your account.

Credit cards can help you, if you understand how to use them wisely. The advice given here should enable you to buy things with your card, but still avoid debt and keep good credit.

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