February 19, 2018

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Credit Card Do's

Credit Card Don'ts

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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 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.

New Balance Transfer Offer: The Amex EveryDay® Credit Card from American Express

The beginning of a new year is a common time for credit card issuers to change their current card offers by adding or removing features. So far this year, there have been many changes to cards in the balance transfer market with several main issuers making ...

Published:  Sun, 18 Feb 2018 03:22:00 GMT

Israel regulator issues rules for acquiring credit card firms

JERUSALEM, Feb 18 (Reuters) - Israel's banking regulator on Sunday published its final criteria for foreign and domestic entities seeking to buy credit card companies from banks that must divest them as part of a bid to boost competition. Israel's top ...

Published:  Sun, 18 Feb 2018 03:33:00 GMT

Woman Stole Credit Cards, Went On Shopping Spree: Denver Police

DENVER, CO -- Denver police seek help identifying a woman who allegedly used credit cards she got from a stolen car to go on a shopping spree. The woman, captured on video in the photo above, allegedly bought items with someone else's credit cards at TJ ...

Published:  Sat, 17 Feb 2018 20:47:00 GMT

Coinbase blames credit card reprocessing for incorrect Bitcoin purchase fees

Following an influx of complaints from customers over exorbitant transaction costs and multiple charges on their accounts, cryptocurrency exchange Coinbase has issued a statement that suggests the problem was caused by credit and debit card issuers.

Published:  Fri, 16 Feb 2018 11:22:00 GMT

All 50 states ranked for identity theft and credit card fraud, from most at risk to the least

DON'T MISS: Freezing your credit after the Equifax breach won't prevent the most common type of identity theft - here's what will

Published:  Thu, 15 Feb 2018 12:23:00 GMT

This Week In Credit Card News: Kids Are Key Targets For ID Theft; Is Card Debt Bad For Your Health

Synthetic identity theft frequently involves the use of stolen Social Security Numbers combined with fabricated personal information, which is used to trigger the creation of a "synthetic" credit file. This file is then nurtured and grown over time ...

Published:  Fri, 16 Feb 2018 11:29:00 GMT

Naperville man charged with credit card fraud, identity theft

A Naperville man believed to have committed forgery, credit card fraud, and identity theft was arrested and charged this week by Naperville police. Brenton C. Thurman II, 27, of the 0-100 block of Olesen Drive, was under investigation for months before ...

Published:  Sat, 17 Feb 2018 12:50:00 GMT

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