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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.

This Week In Credit Card News: A Very Lucrative Signup Bonus; Using Masked Cards For Online Security

Opinions expressed by Forbes Contributors are their own. Personal Finance I recap the credit card industry. I'm the CEO of LowCards.com. "Churners," people who look to take advantage of favorable cred...

Published:  Fri, 16 Nov 2018 11:11:00 GMT



What's under the tree this year Bigger credit card bills

A strong stock market and better pay growth has Americans more confident heading into this holiday season: Several studies indicate we'll spend more - and borrow more - to fuel our shopping through th...

Published:  Fri, 16 Nov 2018 09:11:00 GMT



Credit card skimmers problem gets attention of Houston's police chief, promotes safety tips video

Houston Police Chief Art Acevedo said people should check for damage around a gas pump to avoid getting skimmed during a fill-up. He said credit card skimmers are a growing problem in the area. "Conve...

Published:  Fri, 16 Nov 2018 13:04:00 GMT



Nordstrom's profit takes a hit after credit-card-interest error

Nordstrom Inc. said it took a nonrecurring 28-cents-per-share charge in the third quarter after it discovered that some cardholders with delinquent accounts paid too much interest. The department-stor...

Published:  Fri, 16 Nov 2018 07:56:00 GMT



8 ways to use credit-card rewards to stay on budget during the holidays

Americans expect to spend an average of more than $1,000 this holiday season. If that's your plan, too, let your credit-card points do some of the shopping instead. It's a strategy common among reward...

Published:  Fri, 16 Nov 2018 11:32:00 GMT



How Have Credit Card Balances For The Largest Card Lenders Changed Over The Last Year

After having crossed the $1 trillion mark a year ago, the U.S. card industry has grown steadily over recent quarters after nudging lower over the seasonally weak first quarter to reach $1.04-trillion ...

Published:  Fri, 16 Nov 2018 06:58:00 GMT



2 Arrested With 137 Fake Credit Cards

CORNWALL, NY - Two men were arrested for having fake credit cards and more after a traffic stop on I-87. State police said troopers pulled over Shamar M. Wiggins, 37, of New York City around 7 ...

Published:  Fri, 16 Nov 2018 09:50:00 GMT



Consider carefully before opening a store credit card

The sales associate ringing up your holiday gifts points out that if you open a store credit card today, you'll get 10 percent off. It's tempting. You're making the purchase anyway; why not save some ...

Published:  Fri, 16 Nov 2018 04:30:00 GMT



Two charged with using skimmers and shopping in Ohio Sam's Clubs with stolen credit card information

CLEVELAND, Ohio - Two men who hail from Cuba face federal charges that accuse them of using credit card skimmers to steal people's identities. The pair then used the information to make fraudulent cre...

Published:  Fri, 16 Nov 2018 10:14:00 GMT



Man, woman steal credit cards, go on shopping spree

SAN ANTONIO - Crime Stoppers hopes the public can identify a couple wanted in connection with using a stolen credit card to buy gift cards and other merchandise. The man and woman broke into a white H...

Published:  Fri, 16 Nov 2018 04:53:00 GMT



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