Credit cards are a very useful tool for consumers to make online purchases, and other in person transactions that can avoid the use of cash. It is vitally important, however, to use them wisely and responsibly. This article will help you in that aim.
If you know that someone made a charge on your card without your permission, report it as soon as possible. This will give the company a greater possibility of catching the perpetrator. This is also the best way to make sure that you are not held responsible for these charges. Many false charges can be fixed with a simple phone call.
Read the small print. Always get the full details before signing up for a pre-approved card. Find out what your interest rate is and the amount of you time you get to pay it. Furthermore, make sure you are aware of potential fees or billing grace periods.
Lots of credit cards will offer bonuses simply for signing up. Make sure that you’re fully aware of what’s in the fine print, as bonuses offered by credit card companies often have strict requirements. One of the typical conditions placed on a credit card bonus is a requirement that you use the card to make a fixed amount of purchases within a given time frame. A bonus offer that you do not want to claim is not a very tempting one!
Do not have a pin number or password that would be easy for someone to guess. Never use your birth date, children’s names, middle name, or anything else that could be figured out easily by someone looking to steal from you.
Be vigilant when looking over any conditions and terms. It is common for companies to change credit terms very often. Often, these changes are buried in a lot of legal language. It is especially important to look for changes in rates and fees.
Do not use credit cards to buy items that you cannot afford. Even though you really want that new flat-screen television, credit cards are not necessarily the smartest way to purchase it. You will end up being charged lots of interest and you may be unable to keep up with the monthly repayments on your credit card. Take your time outside of the store before making a purchase. If you still want the item, see if the store offers in house financing with better rates.
Never reveal your credit card account number over the phone to someone who has called you. Credit card thieves often contact people by telephone. Give your number only to trusted companies and to your credit lender when you contact them. Do not give your credit card information to anyone who calls you. It doesn’t matter who they say they are if you don’t know the person.
This article is a great resource for those seeking information about credit cards. It is very easy to spend too much on a card without even realizing it. In order to minimize the chances of errors, carefully use this article’s advice.