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    He that maketh haste to be rich shall not be innocent. Proverbs 28:20

    Deciding On A Credit Card Carefully – Helpful Tips For The Best Option

    Saturday 27 July 2013 - Filed under Variety

    If your credit card is lost of misplaced, make sure to notify the company that issued your card. They can put an immediate flag on your account and stop any further spending. The company will then send you a card with a different credit card number.

    Don’t use passwords and pin codes on your credit cards that can easily be figured out. Information like birth dates or middle names make terrible passwords because they can be easily figured out.

    Make timely payments on a monthly basis. Even missing your payment once can lead to your credit card company raising your interest rates. Any missed or late payments will lower your credit score and will be placed in your credit file. Consider signing up for auto-payments online to take late payments out of the equation.

    Don’t apply for more than two credit cards. Each time you apply for one, it will show up on your credit report and reflect negatively on your score. Don’t jump on offers that are in the mail or an email that guarantee approval because they generally have very high interest rates.

    If your credit card is charging you a high rate of interest on your balance, consider transferring it to a lower interest rate card. This can save you a lot while you are working to pay down that balance. The key is to not charge any more on the old card once you have transferred your balance, or you will end up in a worse financial situation. Take advantage of security features that your credit card company might offer. These might include things like adding your picture to your credit card. This is an additional step that merchants can use to verify that you are the person using the card, allowing them to help you keep your card safe from criminal activity.

    2013-07-27  »  Arron E. Dean

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