Credit cards are helpful tools in building credit and managing finances. You should understand how the card works to avoid problems. The following article discusses some of the best basic credit card fundamentals aimed at helping consumers make smart decisions about their finances.
Card issuers designate minimum payments so that they stand a better chance of maximizing the profits they make on interest charges. To help decrease the length of time it takes to pay of your unpaid balance, pay at least 10 percent more than what is due. This helps you steer clear of expensive interest payments down the road.
Read emails and email that you receive from your credit card company as soon as you get it.You can cancel your account if you don’t agree with any changes.
Be wary when making online purchases with your credit card for payments online. Prior to entering any card information, make sure that the website is secure. A secure site will … Read the rest