In this “consumer beware” world that we all live in, any sound financial advice you can get is helpful. Especially, when it comes to using credit cards. The following article will offer you that sound advice on using credit cards wisely, and avoiding costly mistakes that will have you paying for a long time to come!
When you are unable to pay off one of your credit cards, then the best policy is to contact the credit card company. Letting it just go to collections is bad for your credit score. You will find that most companies will let you pay it off in smaller amounts, as long as you don’t keep avoiding them.
Be safe when giving out your credit card information. If you like to order things online with it, then you have to be sure the website is secure. If you notice charges that you didn’t make, call the customer service number for the credit card company. They can help deactivate your card and make it unusable, until they mail you a new one with a new account number.
Take the time to play around with numbers. Before you go out and put a pair of fifty dollar shoes on your credit card, sit with a calculator and figure out the interest costs. It may make you second-think the idea of buying those shoes that you think you need.
When you are making a purchase with your credit card you, make sure that you check the receipt amount. Refuse to sign it if it is incorrect. Many people sign things too quickly, and then they realize that the charges are incorrect. It causes a lot of hassle.
Always monitor adjustments to card terms and conditions. In today’s age, credit card companies often change their conditions and terms more often than they used to. You will find these changes deep down in the fine print. Weigh all the information and research what it means to you. Rate adjustments or new fees can really impact your account.
You can save yourself money by asking for a lower interest rate. If you maintain a good history with your company and have always made payments on time, you should be able to come up with a better rate. Picking up the phone may be all you need to improve your interest rates.
Make sure that any websites that you use to make purchases with your credit card are secure. Sites that are secure will have “https” heading the URL instead of “http.” If you do not see that, then you should avoid purchasing anything from that site and try to find another place to buy from.
Hopefully the above article has given you the information necessary to avoid getting in to trouble with your credit cards! It can be so easy to let our finances slip away from us, and then we face serious consequences. Keep the advice you have read here in mind, the next time you go to charge it!