A lot of people complain about frustration and a poor overall experience when dealing with their credit card company. However, it is much easier to have a positive credit card experience if you do the proper research and select the proper card based on your interests. This article gives great advice for anyone looking to get a new credit card.
Check your credit report regularly. By law, you are allowed to check your credit score once a year from the three major credit agencies. This may be often enough if you use credit sparingly and always pay on time. You may want to spend the extra money, and check more often if you carry a lot of credit card debt.
A great way to keep your revolving credit card payments manageable is to shop around for the most advantageous rates. By seeking low-interest offers for new cards or negotiating lower rates with your existing card providers, you have the ability to realize substantial savings, each and every year.
Pay your minimum payment on time each month, to avoid more fees. If you can afford to, pay more than the minimum payment so that you can reduce the interest fees. Just be sure to pay the minimum amount before the due date.
If you need to use credit cards, it is best to use one credit card with a larger balance, than 2, or 3 with lower balances. The more credit cards you own, the lower your credit score will be. Use one card, and pay the payments on time to keep your credit score healthy!
Do not leave any blank spaces when you are signing a receipt in a retail store. If there is a tip line and you are not charging your gratuity, mark a line across the area to ensure nobody adds in an unauthorized amount. Also, check that your purchase amounts match the amounts on your statement.
Never lend your credit card to a family member or friend. Even if you’re talking about a relative, you can never trust someone enough to deal with the potential consequences. Doing so can cause over-limit charges when someone else charges more to the credit card than you said he could.
Look into whether a balance transfer will benefit you. Yes, balance transfers can be very tempting. The rates and deferred interest often offered by credit card companies are typically substantial. But if it is a large sum of money you are considering transferring, then the high-interest rate normally tacked onto the back end of the transfer may mean that you actually pay more over time than if you had kept your balance where it was. Do the math before jumping in.
Keep one low-limit card in your wallet for emergency expenses only. All other cards should be kept at home, to avoid impulse buys that you can’t really afford. If you need a card for a large purchase, you will have to knowingly get it from your home and take it with you. This will give you extra time to think about what you are buying.
If you pay your credit card login with a check each month, make sure you send that check out as soon as you get your bill so that you avoid any finance charges or late payment fees. This is good practice and will help you create a good payment history too.
As was discussed at the beginning of the article, credit cards are a topic that can be frustrating to people since they can be confusing and they don’t know where to begin. Thankfully, with the right tips and advice, it is much easier to navigate the credit card industry. Use this article’s recommendations and select the right credit card for you.
Credit Card Login Tips
Password & User ID Strength
A strong password and user ID should be easy for you to remember but hard for someone else to guess.
User ID Requirements:
- 6-16 characters
- Must not look like your card account number or social security number
- Can include special characters except for (`) (‘) (“) (\) and spaces
- Not case sensitive
Password Requirements:
- 8-32 characters
- Contains at least 1 letter and 1 number
- Must not match the User ID
- Case sensitive, and can include special characters
- Consider using a longer, multi-word
Additional Login Tips:
- Avoid using personal information such as family or pet names, your birthday, address, or social security number
- Use different logins across banking, email, and social media accounts
- Consider changing your user ID and password frequently
Login Security Guidelines
Use different user IDs and passwords across your online banking institutions, email, and social media accounts. If an unauthorized user gains access to your login credentials, he/she may try to use them to get into other banking institutions.
There are three main areas to use different login credentials:
- News sites, social networks, and sites that don’t store your financial data
- Online shopping sites that may store your credit card number
- Financial services sites.
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