Valuable Information For Credit Card Users And Applicants
Posted at by CreditWiz on category Credit CardsIt is easy to be intimidated by the dangers of acquiring a credit card. There is no need to fear credit cards. Credit cards are often the perfect way to make purchases that you would not want to make with cash. In this article, you will discover some excellent advice about credit cards.
A retail card should only be opened if you really use that store often. Even applying for a card with the store will reflect badly on your credit score if you’re not accepted, and there’s no sense in applying if you’re not a regular shopper. A lot of inquiries from stores can lower your credit rating.
Be sure to read the fine print on a credit card account before using it. In most cases, using the credit card for the first time means you agree with all the terms. Although some of this agreement may be in fine print, it is very important to thoroughly read all sections.
Don’t ever use passwords or pin codes that are easily figured out by strangers when setting up your credit card options. It’s a bad idea to use a common password like a middle name or phone number since people could guess these.
Make certain you do not request credit cards through the mail if your mailbox doesn’t have a lock. Many scammers have admitted to stealing cards that were in mailboxes with no locks on them.
When you buy with a credit card on the Internet, keep copies of your receipt. Keep these receipts and compare them with your statement to make sure it is the correct amount. If it differs, file a dispute of charges with the company as soon as possible. This is necessary to ensure you are not overcharged for your purchases.
Do not leave any blank spaces when you are signing a receipt in a retail store. You should draw a line through the tip line so that someone else does not take it upon themselves to write an amount in. Additionally, check your credit statements to ensure that the recorded purchases match your expectations and your receipts.
Don’t make a written record of your credit card’s PIN or password. It is critical that you can recall your password, so you remain the only person with access to it. Writing your pin number down increases the chance that someone else uses it.
If you get a call asking for your credit card number, do not give it out. Scammers often do this. Only give you credit card information out to trusted companies you have contacted. Never give your numbers to people who may call you on the phone. It does not who they say they are, you still are not fully aware of who might be on the other end.
The advice that you find in this guide will help you get over any fear associated to using your credit cards. Credit cards can be a useful tool when used correctly, and should not be feared. Just understand that credit cards can get you in trouble, but they are also a great financial tool. Good luck.