Many people are cautious about credit card spending. Replace fear with a commitment to succeed with credit cards. Credit cards are great for the times you want to buy something, but desire to not use cash to make the payment. This article should give you some great advice on how to manage your credit cards.
If you lose your credit card, remember to report it right away to your card provider. You could be held responsible for charges placed on the stolen card before it is reported as missing. You aren’t liable for any unauthorized charges made after you report your credit card lost or stolen.
Make sure you are only using cards that you want to keep. Many companies automatically close inactive credit card accounts. Ensure your credit card is available for your convenience by making sure you use it the minimum amount of times. Pay your credit cards in full each month to avoid interest charges and avoid debt.
If you have two to three credit cards, it’s a great practice to maintain them well. This will increase your credit score over time, especially if you don’t carry a balance from month to month. However, if you open more than three, it may not look good to a lender when they pull your credit bureau report.
Speak with the credit card company right after you see a charge on your statement that you did not make. If you do so, it will be more likely that the thief is caught. By doing this you also are less likely to be held responsible for any transactions made from the thief. A quick call or simple email may be all that is required for you to report a fraudulent charge.
Hopefully, the advice about credit cards will help you alleviate your unnecessary fear of using credit cards for purchases. Credit cards can be a useful tool when used correctly, and should not be feared. Just use the information you’ve learned here and your fear of credit cards will be a thing of the past