Solid Credit Card Advice For Finding A Good Deal - 0 views
started by Jamar Craft on 17 Apr 12
started by Jamar Craft on 17 Apr 12
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started by Jamar Craft on 17 Apr 12
The best credit cards come along with having great credit. Credit card companies use these scores to figure out what card you are eligible for. Low interest credit cards with great point options and incentives are offered only to those people with high credit scores.
Late fees should be avoided as well as overlimit fees. Both are costly, but you will pay not only the fees tied to these mistakes, but your credit score will dip as well. Keep an eye on your balance so it does not exceed your credit limit.
After having secured credit cards that are in a good state, some companies will offer you cards that are unsecured. This is about the time that you will begin to find new credit card offers in your mail. It is then that you have to decide what to do.
If you make a late payment, ask for a waiver of the late fee and increased interest rate. If you are late with your payment, the credit companies can and will raise your rates and tack on extra fees. If you have a history of making timely payments, you may be able to have some of these charges reduced with a simple phone call.
If you lose your card, report the loss immediately. You may find no way to avoid taking responsibility for the charges if a thief uses your credit card before you have it canceled by the company. When you report your credit card as missing, your card company can't hold you accountable for any charges you did not make.
Take your financial situation into account before applying for a credit card. It's not hard to do. Just make sure you receive a copy of your credit report to check out your situation and to tie up any loose ends. If you see anything that is wrong file a dispute. Additionally, examine any negative aspects from your credit portfolio and try to correct them, if at all possible.
The best place to go when looking for a good credit card is the bank you normally use. They will have your information handy and they are more likely to get you approved than other institutions. Your next choice might be the local credit union.
Don't be lured into opening a new credit card by its introductory offers. The terms may seem very appealing at first, however, in the long run, it could be a big mistake and could cost you a pile of money in interest and fees associated with the card.
Call your credit card company as soon as you notice your card has been lost or stolen. They can put an immediate flag on your account and stop any further spending. The company will also assign you a new account number and provide you with a new card.
When making purchases on the Internet, retain one copy of your credit card receipt. Don't throw away the receipt until after you get your statement. Check the statement against the bill to ensure you weren't overcharged. If there is an incorrect charge, contact your credit card company immediately. This helps ensure that you never get overcharged for your purchases.
Save money by asking credit card companies to offer you a lower interest rate on your charges. If you are a long-time customer, and have a good payment history, you might succeed in negotiating a more advantageous rate. It doesn't hurt to give your company a call and ask; the worst they can do is say no.
Often, people receive a huge amount of offers in their snail mail from credit card companies looking to gain their business. If you do your homework thoroughly, understanding all about credit cards, and which one would be suitable for you, is easy. Consumers should be able to make better choices with their credit cards if they take this article's advice into consideration.
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