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      November 22, 2017

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Credit Card Do's

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TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

Credit Card Do's

How to manage your first credit card is, unfortunately, not common knowledge nor taught in school. Typically it's a process that is learned over time, but often not before making unnecessary and costly mistakes. If you're the parent of a soon to be adult child, be sure and share this information with them.

  • Shop around for the best credit card deal. Use the internet to compare and contrast the greatest number of credit card options.
  • Read the fine print of any credit card option you're considering. Understand what fees will be incurred and if the stated interest rate is promotional, variable or fixed. Also don't hesitate to ask questions of the credit card company or someone else if you don't understand the terms of a card.
  • Keep your credit cards safe from fraudulent charges. Sign your card as soon as it arrives in the mail. Keep an eye on your card during the transaction, and get it back as soon as possible. Save your receipts in order to compare them with the actual statement. Never place your pin number on or near the card.
  • If you lose the card you'll need to call the credit card company as soon as physically possible to avoid a major headache. Keep a record of your credit card account information together with the customer service phone number in a safe place
  • Periodically pull your credit report to look for mistakes. If you see fraudulent accounts open under your social security number or reports of erroneous missed payments you'll need to take action quickly to get those items resolved.
  • If you decide to cancel an unused credit card make sure you have the company report it as "Customer Requested" to avoid any damage to your credit score. Closing unused credit cards is a good way to avoid credit card fraud.
  • Be aware of the desire to make frivolous purchases with your credit card. You will eventually have to pay back the cost of that item. Only use your credit cards on items you need versus items you want.
  • If something comes up and you can't make your minimum payment on time call the credit card company right away. They will often work with you to avoid late fee payments and get your account back on track.
  • We all like to say we won't keep a credit card balance but that's unrealistic for most credit card holders. If possible, keep your balance at around 30% or less of the available credit. This will have a positive reflection on your credit score - improving your chances of affordable borrowing in the future. Make it a practice of paying more than the minimum payment each and every month.
  • If you're credit card rate is high don't hesitate to call the company and attempt to negotiate to a lower rate. This can save you hundreds to thousands of dollars in the long run. A solid payment history will allow you to better leverage your business during this process.

Americans are having trouble paying off their credit cards - and it could spell trouble for the economy

US credit-card delinquencies are rising, a potentially ominous sign for the economy. Americans now have more credit-card debt than before the financial crisis - over $1 trillion. US household balance sheets are better positioned than before the recession ...

Published:  Tue, 21 Nov 2017 20:25:00 GMT



How to still have a merry Christmas if you're struggling with credit-card debt

It's almost Black Friday. Do you know where your credit cards are If you're like many Americans, you know exactly where they are and you're preparing to use them. The Federal Reserve numbers include not just credit card debt, but also mortgages, student ...

Published:  Tue, 21 Nov 2017 03:15:33 GMT



App helps users maximize credit card rewards

GOLDEN VALLEY, Minn. - When you pay, you earn. Rewards like flights, hotels, even cash back. But are you using the best credit card for you "When someone has multiple cards in their wallet, they're missing out on around $200 a year in rewards," said Alex ...

Published:  Tue, 21 Nov 2017 18:38:00 GMT



The 7 Best Credit Cards For Holiday Shopping

With Black Friday and Cyber Monday just around the corner, it seems appropriate to look at some top credit cards for holiday shopping. Before we look at these card options, however, a word of caution. According to a recent Nerd Wallet study, nearly 25% of ...

Published:  Mon, 20 Nov 2017 08:32:00 GMT



3 Busted With Forged Checks, Credit Card Scanner In Darien: PD

DARIEN, CT - Three New York suspects were arrested on fraud and larceny charges on Nov. 16 after Darien police caught them with forged checks and credit card scanning device in the parking lot of the TD Bank on the Post Road. Before being charged two of ...

Published:  Tue, 21 Nov 2017 15:43:00 GMT



Police: Woman charged with identity theft after car break-in victim's credit cards were used at Norridge mall

Norridge police said a 22-year-old Chicago woman was charged with identity theft on Nov. 7, after a car break-in victim's missing credit card was used to rack up more than $1,000 in purchases at stores at Harlem Irving Plaza. Breeann Taylor, of the 3300 ...

Published:  Tue, 21 Nov 2017 12:56:00 GMT



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