If an item truly costs more than you have to spend, don’t use a credit card to buy it. Though you may want to use a card to make a purchase that you are certain you can repay down the road, it is not smart to buy something that you clearly cannot easily afford. Stay away from cards that require annual fees. These cards are usually only offered to people that have good credit. Annual fees can serve to erase any benefits the card may offer. Think about it. Credit card companies don’t advertise annual fees, as they are usually a hidden cost. It is time to pull out your favorite pair of glasses. Learn if the benefits outweigh the fees. Most often, you will discover that they don’t.
Be aware of the interest rate that you are being charged. It is crucial that you know the rate of interest prior to getting a credit card. If you are unsure, over time you might pay much more than what items actually cost. If the rate is higher, you may find that you can’t pay the card off every month. When looking over your statement, report any fraudulent charges as soon as possible. This will help your creditor catch the person who is using your card fraudulently. Doing this also helps ensure that you will not have to pay for such charges. Any charges that you did not make need to be reported to your credit company with a phone call or a high priority email.