Credit cards may make or break you, when it comes to your personal credit. Not only can you use them to help build up a great credit score and secure your future finances. You may also find that irresponsible use can bury you in debt and ruin you. Use this article for great credit card advice.
Credit cards often lure in new users with bonuses and gifts for signing up. Be sure that you fully understand the fine print, though, because many of these cards have very specific terms that you must meet to qualify for the bonus. The most common condition for the bonus is having to spend certain amounts during a set amount of months; before you get tempted with a bonus offer, make sure you meet the necessary qualifications first.
Don’t pay any fees upfront when you are getting a credit card. The legitimate card issuers will not ask for any money up front, unless you’re getting a secured credit card. When you are applying for a secured card, be sure to find out how the deposit is going to be used.
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.
Before you decide on a new credit card, be careful to read the fine print. Credit card companies have been in business for many years now, and know of ways to make more money at your expense. Be sure to read the contract in full, before signing to be sure that you are not agreeing to something that will harm you in the future.
Do not use credit cards to purchase things you could not afford. Wanting a new TV or game console is not a good reason to put it on a credit card. It costs a lot of interest, and that makes monthly payments pretty much impossible. Make decisions only after thinking them over for a couple of days. If you are still set on buying it, you are probably eligible for the store’s financing program that will save you money in interest over the credit card company.
Keep your receipts from all online purchases. Keep receipts until you can verify the store that sold you the item charged you the same amount that you are charged on your credit card. If you were not charged the correct amount, contact the online retailer immediately to file a dispute. This is a great way to make sure you are never overcharged for the items you buy.
As mentioned earlier in this article, credit cards can make or break you and it is up to you to make sure that you are doing all that you can to be responsible with your credit. This article provided you with some great credit card advice and hopefully, it will help you make the best decisions now and in the future.