Hard Time Finding The Right Credit Card Interest Rate? Try These Tips!
Posted at by CreditWiz on category Credit CardsCredit cards can give you a lot of points for things like vacations, leaving your wallet happy. There is nothing worse than returning from a well deserved vacation to a large credit card bill awaiting payment. You would be wise to continue reading so you can get some great ideas about how to find the best cards and how to utilize those you already have in the right way.
Try to avoid using your credit cards to buy items that are way out of your affordable range. It is acceptable to use your credit to make purchases that you will be able to pay off later, but do not make large purchases that could put you in a financial bind.
When it comes to premium credit cards, find out if an annual fee is involved to make sure that you do not pay too much for the card. The exclusive credit cards, like the platinum or black cards, are known to charge it’s customers an annual fee from $100 to $1,000 a year. Do not get an exclusive card if you don’t need one so you will not have to worry about these fees.
Always read every letter you get regarding your credit card. Credit card companies are allowed to make certain changes to fees, regular interest rates and annual membership fees, as long as they give you written notice of the changes. If you are not in agreement, you have the freedom to cancel your card.
Keep contact information for credit card companies, your account number, and all other relevant data in a safe place that is easy for you to access. Make sure that it is in a separate location from your cards and secure from other people. This list will assist you in getting in contact with lenders in case you have a lost or stolen card.
Contact your credit card provider and ask if they are willing to lower your interest rate. Some credit card companies will reduce the interest rates for customers that have consistently maintained a positive relationship by making timely payments. It does not cost anything to ask and can save to a lot of money in the end.
Never send you card number to someone by fax. Faxes can remain in the office of a recipient for hours or days, which gives their entire office access to your personal credit card number. If any of those people is a thief, you are in trouble. This will create a ton of problems.
If you hold several cards, it makes sense to primarily use just one and repay its balance monthly. Paying in full on an active credit card will have a positive impact on your credit rating, even if you have other cards that are carrying hefty balances.
If you have had a secured card that has stayed in good standing for awhile, a company may be willing to offer you a credit card that is unsecured. You will also start to receive offers in the mail. You will need to decide which cards are best suited for your use and circumstances after a thorough evaluation of the situation.
Make sure that you monitor all credit card transactions on a regular basis. One could register for mobile alerts if they’re offered. With a mobile alert, you are notified of any suspicious activity and are able to check into it as soon as it occurs. When suspicious or irregular activity occurs, you have to notify the card company or bank as soon as possible, and at times, the police should be contacted as well.
You don’t have the have cards that offer perks all the time, there are other types of credit cards that can benefit you. Using a card unwisely in any circumstance is going to lead to long-term problems. It’s not hard to stay on top of your credit, but it will require knowledge and dedication. Use the information here to decide which group you belong to.