7 Important Credit Card
Facts Exposed
by: www.newhorizon.org
● It's very normal nowadays for people to have a credit card or two. ● Credit card become part of our current way of life, something that many people cannot do without. ● If you are planning to apply or already have one, here are important tips that you should know.
1. All credit cardholders should receive fair treatment. â—? When you received your credit card bill, and you see that something is inaccurate, disputing those charges is a right that you have. â—? The Fair Credit Reporting Act states this right, and thus you should go through your month-to-month credit card bills to confirm that all of the charges were made by you.
2. Some secured credit cards do not offer credit reporting. â—? However, there are 3 major credit reporting agencies, some secured credit cards do not actually report your payments to them. â—? Thus, if you wish to boost your credit score, or fix poor credit that you currently have, confirm that the secured credit card provider sends this important information to the agencies, an important service that you need to have.
3. Other costs above and beyond the interest rate â—? Choosing a credit card with a reasonable rate of interest is very important to do. â—? However, because there are other fees associated with most credit cards today, the interest rate should not be your sole consideration for getting the one that you choose.
4. Credit cards can vary. ● There are many different types of credit cards out there, including rewards cards that offer gas rebates, travel rewards or even cash back. ● You can also get secured credit cards, business credit cards, or credit cards that are only issued to people that have bad credit. ● Whatever card you choose, make sure that it fits your personal needs and lifestyle because choosing the wrong one may actually make your life more difficult managing a card that does not work for you.
For more information visit http://www.newhorizon.org/credit-info/7-need-to-know-credit-card-facts-revealed/
Also check our list of credit cards that help build credit score http://www.newhorizon.org/Info/unsecured.htm