Friday, April 13, 2012

Useful Tips On The Use Of Credit Cards

By using a credit card, it is possible to improve credit scores and manage finances. Consumers should be well-informed about credit cards so that they can make the right decisions. This is a listing of top credit tips to help make great credit choices.

Don't use passwords and pins for your cards that can be simply figured out by someone else. 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.

Do not ever provide credit card numbers to people who call you and ask for them. This is a common ploy for scammers. If you must use your credit card over the telephone, only do so with companies you know you can trust. Never give your numbers to someone who calls you. No matter who the person says they are, don't know truly know their identity.

Always make sure there is not a yearly fee attached to any credit card that offers rewards or perks. Some exclusive credit cards require you to pay between $100 and $1,000 per year to keep the card, depending on exactly how exclusive the card is. Avoid paying these fees by refraining from signing up for exclusive credit cards if you don't really need them.

If you have good credit, yet are paying a high annual percentage rate, try calling the credit company and talk with them about lowering it. In a few cases, this will happen. You can save a lot monthly, now that you're carrying a balance.

Prior to shopping online with a credit card, it is important to know that you are buying from a reputable merchant. You should call any numbers that are listed on the site to make sure that they are working, and you should avoid using merchants that have no physical address listed on the site.

Don't use cards to buy items you could never afford. While it's fine to use your card to purchase an item you can pay for later, it is not a good idea to purchase something you will have trouble paying down the line.

As was said before, consumers can benefit from the proper use of credit cards. Understanding individual cards is critical, as this can assist people in making educated choices. Grasping the fundamental information about credit cards can assist consumers in making smart credit choices, too.

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