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Credit Card Do's

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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 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.

The Top 5 Small Business Credit Cards For 2018

If you're in the market for a new credit card, it's important to consider the full lineup of products available to you. Many consumers would be surprised to learn that they actually qualify for business credit cards. Even if you don't run a large ...

Published:  Fri, 25 May 2018 08:36:00 GMT



Credit card rewards may stop existing soon

The days of credit card users getting just about anything and everything in rewards are over, as issuers gird for choppy earnings. "There's no question that banks are concerned about the credit card rewards arms race eating into their profits," said ...

Published:  Sun, 27 May 2018 00:42:00 GMT



The best credit card for millennials, based on their spending habits, rewards, and benefits

The Insider Picks team writes about stuff we think you'll like. Business Insider may receive a commission from The Points Guy Affiliate Network. Millennials. I hear that we're just the worst. After all, it seems like we've killed just about every industry ...

Published:  Fri, 25 May 2018 09:36:00 GMT



When your credit card is compromised (again)

A while back, someone broke into my daughter's car and stole a credit card she kept in there. The thief then attempted to use it, multiple times, to buy big-ticket items at Walmart as well as at various ATMs around town. He must have forgotten that ATMs ...

Published:  Sun, 27 May 2018 06:43:00 GMT



Skimmers are banking on getting your credit card information

DES MOINES, Iowa (KCCI) - Central Iowa law enforcement authorities are warning holiday travelers to beware of skimmers, thieves who place strips on the inside of ATMs and gas pumps to obtain credit card information. Patrick Dix, a spokesperson for SHAZAM ...

Published:  Sun, 27 May 2018 02:32:00 GMT



Should You Close an Unused Credit Card The Answer Might Surprise You

If you have an old credit card sitting in the back of your wallet that you haven't swiped in years, you might be tempted to close your account. Conventional wisdom would disagree, however. Unless the card comes with an annual fee, most credit score gurus ...

Published:  Sun, 29 Apr 2018 06:46:00 GMT



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