July 19, 2018

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Credit Card Do's

Credit Card Don'ts

The Credit Card Act of 2009


Top Consumer Reviews Articles 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 Don'ts

Many of us learn good credit card skills once we've made some hard mistakes. However, that doesn't have to be the case if you avoid the following don'ts of credit card use. Doing so will save you money and, very importantly, will help you achieve and maintain a positive credit history. A solid credit report means you can borrow money from lenders at a cheaper rate.

  • If all of your friends are getting credit cards or buying major purchases on credit don't feel pressure to follow suit. Credit card debt can quickly spiral out of control leaving you with a mound of payments you can't afford.
  • Don't send your payments late. The reason for this is several fold. You will get accessed an expensive late penalty and the negative activity will show up on your credit report. This can make borrowing money for things like a car or house much more expensive.
  • Paying only the minimum required payment each month means you're paying for expensive accumulated interest charges. Don't pay only the minimum payment each month to avoid unnecessary interest charges.
  • Don't attempt to overdraw your credit card. This is a lightning fast way to get a negative mark on your credit report and will cost you.
  • Unless you manage your spending very closely, don't use your credit card to pay for all of your everyday expenses. This is a quick way to run up the balance of your credit card.
  • Don't lend your credit card to a friend. This has backfired so many times and typically results in a lost friendship. If that person could afford the item they wouldn't need to borrow your credit card.
  • Keep your pin numbers safe. Don't write your pin number on the back of your credit card to help you remember. This is an easy way for thieves to withdraw thousands of dollars of cash against your credit.
  • Never give out your credit card number to a caller. If you are initiating a purchase over the phone be sure you are talking to a reputable company to avoid a scam.
  • If your first card balance is reaching the credit limit it's not time to get another card. Don't apply for more credit cards if you are carrying large balances on other credit cards. This can get you into financial trouble.
  • Avoid making unnecessary credit card purchases. Unless you can really afford that big ticket item you shouldn't buy it - not even on credit.

Keeping your credit card safe, avoiding over use and only making minimum payments are important aspects of managing your credit card use.

Best Credit Cards for 2018

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Published:  Wed, 18 Jul 2018 07:12:00 GMT

How do I get out of $50,000 in credit card debt: personal loan or repayment plan

Question: I'm 64. My credit score is about 656. For different reasons over a long period of time - including unemployment and health issues - I accumulated credit card debt of about $50,000. I intend ...

Published:  Wed, 18 Jul 2018 02:00:00 GMT

Americans paid over $100 billion in credit-card interest in 2017-and they'll pay even more this year

Some people are living the high life, but many can't afford it, judging by recent credit-card data. All those interest payments add up. Americans paid banks some $104 billion in credit-card interest a...

Published:  Wed, 18 Jul 2018 11:17:00 GMT

United flight attendants to make $100 per credit card sold in-flight, report claims

Coffee Water Travel rewards credit card According to one travel blog, such midflight pitches from United Airlines flight attendants for carrier-sponsored credit cards are rumored to begin soon - to ...

Published:  Wed, 18 Jul 2018 08:37:00 GMT

Credit card skimmer found at Byron Township gas station

BYRON TOWNSHIP, MI -- A credit card skimmer used to steal financial data was found in a Byron Township gas pump Wednesday, July 18, state officials said. The skimmer was located in a pump at the Mobil ...

Published:  Wed, 18 Jul 2018 16:22:00 GMT

Why I'll Never Close These 5 Credit Cards

While credit cards often get a bad rap, they're powerful tools that can improve your financial life. Yes, mismanaging them can hurt you, but the upsides to using cards responsibly - such as building c...

Published:  Wed, 18 Jul 2018 08:23:00 GMT

Credit card scam hits Casey's stores in Chisago County

One victim is out $3,000 after fraudulent purchases in North Branch, Chisago City, Wyoming and Stacy. Four times in two days a man entered a Casey's General Store in Chisago County this month and boug...

Published:  Wed, 18 Jul 2018 13:07:00 GMT

Do People Really Spend More With Credit Cards

When you use credit cards responsibly, you can earn airline miles and cash back rewards. As long as you pay your balance in full and on time every month, you can enjoy these perks and avoid costly int...

Published:  Mon, 16 Jul 2018 07:48:00 GMT

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