Many people have become afraid of charge cards because of the many financial horror stories that they have heard. There is no need to be scared of charge cards. Using a credit card can be convenient to purchase items if you do not want to carry cash. In the article that follows you can find advice that will help you with charge cards.
When looking over your statement, report any fraudulent charges as soon as possible. If you do this, your credit card company will have a good chance of tracking down the thief. This will help ensure you are not liable for any fraudulent charges against the card. It usually just takes a brief email or phone call to report fraudulent charges.
Set a credit card budget. You should be following a budget anyway so make sure to add your charge cards to it. Do not consider your available credit as extra income. Decide how much you can afford to pay your credit card company, and do not charge more than that amount every month. Don’t go over that amount, and pay the balance off every month.
Consider getting a co-signer if you wish to open a credit card without established credit. A co-signer can be a parent, sibling, trusted friend or anyone else who has already established credit. Your co-signer will be legally obligated to make payments on your balance if you either do not or cannot make a payment. Many have found this to be a great help in beginning the process of building credit.
It may not be in your best interest to get your first credit card the moment you become old enough to do so. Though it is a common occurrence, it is best to spend time learning about the inner workings of the credit industry before you wade in. Get a little bit of adult experience under your belt before making the leap.
Verify the legitimacy of an online seller before using your credit card on their site. Try out any telephone numbers they have listed, and if there is no address listed for the seller, treat this with suspicion.
Watch your own credit score. Good credit requires a score of at least 700. This is the bar that credit companies set for trustworthiness. Be smart with the way you are using your credit. When you have a 700 score or higher, you get some of the best offers available.
If you are called and asked for the number of your credit card, refuse to divulge it. The odds are excellent that an unsolicited request like this is a scam. Only provide your number to businesses you trust, along with your card company if you call about your account. Do not give them to people who call you. No matter who the person says they are, don’t know truly know their identity.
All of us have been there. You receive yet another credit card offer in the mail. Often times you won’t be interested in getting a new credit card right them. Be sure to tear up the solicits prior to throwing them way. Don’t toss it without tearing as there may be personal information in the envelope.
If you are nervous about using your credit cards, the tips in this article can help you reduce your worries. Credit cards can be a useful tool when used correctly, and should not be feared. Keep the advice you have learned here in mind, and use your credit card with confidence.
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