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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.

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



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