Credit Card Advice That Will Help You With Your Budget
Getting and using a credit card is a matter of educating yourself about credit. While there are lots of credit cards to choose from, most of them are pretty similar, so if you learn some credit card basics, you’ll be able to understand what you’re looking at. Read this article to learn about credit cards.
Don’t fall for the introductory rates on credit cards when opening a new one. Be sure to ask the creditor what the rate will go up to after, the introductory rate expires. Sometimes, the APR can go up to 20-30% on some cards, an interest rate you definitely don’t want to be paying once your introductory rate goes away.
To help you get the maximum value from your credit card, choose a card which provides rewards based on the amount of money you spend. Many credit card rewards programs will give you up to two percent of your spending back as rewards which can make your purchases much more economical.
Shop around for a card. Interest rates and terms can vary widely. There are also various types of cards. There are secured cards, cards that double as telephone calling cards, cards that let you either charge and pay later or they take out that charge from your account, and cards used only for charging catalog merchandise. Carefully look at the offers and know what you need.
Make friends with your credit card issuer. Most major credit card issuers have a Facebook page. They might offer perks for those that “friend” them. They also use the forum to address customer complaints, so it is to your advantage to add your credit card company to your friend list. This applies, even if you don’t like them very much!
When you charge something online, print a copy of the receipt. Keep this receipt so that when your monthly bill arrives, you can see that you were charged exactly the same amount as on the receipt. In the case of erroneous charges, get in touch with the merchant and dispute the amount right away. By keeping up with your payments and receipts, you’re ensuring that you won’t miss an overcharge somewhere.
As stated earlier in this article, credit card use isn’t nearly as complicated as some folks like to make it seem. Now that you’ve learned a little more about credit, it shouldn’t seem overwhelming or scary. Whether you’re looking for your first card or want to improve your credit card habits, hopefully, this article has helped you.Posted on: March 8, 2017, by : kook