Some people find dealing with credit cards
can be a real
challenge.
However, if you have the right guidance,
credit card issues will be
much less of a burden on your life.
Here are several tips to help anyone
understand more about the credit card industry.
Safety.
Be sure that you only use
your credit card on a secure
server,
when making purchases online
to keep your credit safe.
When you input
your credit card information
on servers that are not secure,
you are allowing
any hacker to access your information.
To be safe, be sure that the website
starts with the "https" in its url.
Be Realistic.
If possible, pay your credit cards
in full, every month.
Use
them for normal expenses,
such as, petrol and groceries and then,
pay off the
balance at the end of the month.
This will build your credit and help
you to
gain rewards from your card,
without accruing interest or sending you into
debt.
Security.
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.
An important aspect of smart credit card
usage is to pay the
entire outstanding balance,
each and every month, whenever possible.
By keeping
your usage percentage low,
you will help keep your overall credit score high,
as well as, keep a substantial amount
of available credit open for use in case
of emergencies.
Affordability.
Take the time to play around with numbers.
Before you go out
and put a pair of expensive shoes
on your credit card,
sit with a calculator
and figure out the interest costs.
It may make you reconsider
the idea of
buying those shoes
that you think you need!
Knowledge.
Keep an eye on your credit cards
even if you don't use them
very often.
If your identity is stolen,
and you do not regularly monitor
your
credit card balances,
you may not be aware of this.
Check your balances at
least once a month.
If you see any unauthorized uses,
report them to your card
issuer immediately.
Informed.
As I said at the beginning,
some people have a hard time
understanding
credit cards use at first.
However, with more information,
they can make better informed
and suitable choices
relating to their credit
card decisions.
Follow this advice and you will ensure
a more successful
approach to managing
your own credit cards and your finances.
As always I wish
you success in all you do.
Malcolm
PS Please
leave a comment below or ask a question.
No comments:
Post a Comment