Having credit cards requires discipline. When used mindlessly, you can run up huge bills on nonessential expenses, in the blink of an eye. However, properly managed, credit cards can mean good credit scores and rewards. Read on for some ideas on how to pick up some good habits, so that you can make sure that you use your cards and they do not use you.
If you have poor credit and want to repair it, consider a pre-paid credit card. This type of credit card can usually be found at your local bank. You can only use the money that you have loaded onto the card, but it is used as a real credit card, with payments and statements. By making regular payments, you will be repairing your credit and raising your credit score.
When you are using your credit card at an ATM make sure that you swipe it and return it to a safe place as quickly as possible. There are many people that will look over your shoulder to try to see the information on the card and use it for fraudulent purposes.
In order to get the best credit cards, you need to keep tabs on your credit record. Creditors use your credit score to decide what type of card to offer you. The best cards are offered to people with great scores.
Retain a sales receipt when making online purchases with your card. Don’t throw away the receipt until after you get your statement. Check the statement against the bill to ensure you weren’t overcharged. If the company did not charge you the right amount, get in contact with the company and immediately file a dispute. This can help you to avoid getting overcharged for any purchases.
Make sure that any websites that you use to make purchases with your credit card are secure. Sites that are secure will have “https” heading the URL instead of “http.” If you do not see that, then you should avoid purchasing anything from that site and try to find another place to buy from.
Make a list containing the account numbers of your credit cards and any phone numbers associated with your lenders. Maintain it in a secure place, like a safe, and keep it separated from your cards. The list will prove invaluable if you lose your cards or if they are stolen.
Watch rewards programs. These programs are quite popular with credit cards. You can earn things like cash back, airline miles, or other incentives just for using your credit card. A reward is a nice addition if you’re already planning on using the card, but it may tempt you into charging more than you usually would just to get those bigger rewards.
Having the right habits and proper behaviors, takes the risk and stress out of credit cards. If you apply what you have learned from this article, you can use them as tools towards a better life. Otherwise, they can be a temptation that you will eventually succumb to and then regret it.