TopConsumerReviews.com Best Credit Cards
      June 19, 2019

Home  >  Credit Cards  >  Articles

Best Credit

Card Reviews

Your Information Is Secure
Credit Cards: The Lowdown Newsletter

Latest Reviews

Cruise Vacations

Dental insurance

Fruit Baskets

Government Grants

Learn to Read Programs

Menopause Relief

Online Fitness

Paid Surveys

Personal Trainers

Pet Meds

 

Related Articles

Credit Card Do's

Credit Card Don'ts

The Credit Card Act of 2009

 

Top Consumer Reviews Articles

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 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.

2 of Delta's credit cards are offering bonus Medallion Qualification Miles - the key to getting elite status

Business Insider may receive a commission from The Points Guy Affiliate Network if you apply for a credit card, but our reporting and recommendations are always independent and objective. Delta is ...

Published:  Tue, 18 Jun 2019 11:55:00 GMT



Inclusivity comes to credit cards: Mastercard creates "True Name' for transgender, non-binary customers

Imagine being unable to pay for dinner or getting harassed at a checkout line because the name on your credit card isn't who you are. That's a reality for many transgender and nonbinary people, and ...

Published:  Tue, 18 Jun 2019 14:23:00 GMT



Mastercard to allow transgender people to use chosen names on credit and debit cards

NEW YORK - Mastercard will allow transgender people to use their chosen names on credit and debit cards in an effort to combat discrimination at the cash register. That means that the name on the ...

Published:  Mon, 17 Jun 2019 11:09:00 GMT



Mastercard will now allow transgender customers to use their preferred names on debit and credit cards

Mastercard MA, -0.51% has adopted a new policy aimed at reducing a major source of stress for transgender and non-binary consumers. The company is introducing the "True Name" card, which will allow ...

Published:  Mon, 17 Jun 2019 11:08:00 GMT



Three Surprising Ways the Apple Card Is Changing the Credit Card Market

The Apple Card announced in late March is about to come to market and like many Apple products, it has generated a strong response long before consumers have had a chance to use it. The card may seem ...

Published:  Mon, 17 Jun 2019 04:48:00 GMT



Rich, not poor, carry high credit card balances

The people who carry the highest credit card balances are often those who have money, not those who don't, a new study found. But the combination of haves and have-nots in the same metro area drives ...

Published:  Tue, 18 Jun 2019 08:36:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure