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Useful Tips on Using Credit Cards
Here are some useful tips on using credit cards. Whether you
shop online, by telephone or by mail, a credit card can make
buying many things much easier; but when you use a credit card,
it's important to keep track of your spending.
Incidental and impulse purchases add up, and each one you make
with a credit card is a separate loan. When the bill comes, you
have to pay what you owe. Owing more than you can afford to repay
can damage your credit rating.
Keeping good records can prevent a lot of headaches,
especially if there are inaccuracies on your monthly statement.
If you notice a problem, promptly report it to the company that
issued the card. Usually the instructions for disputing a charge
are on your monthly statement.
If you order by mail, by telephone or online, keep copies and
printouts with details about the transaction. These details
should include the company's name, address and telephone number;
the date of your order; a copy of the order form you sent to the
company or a list of the stock codes of the items ordered; the
order confirmation code; the ad or catalog from which you
ordered.
Finally, if you have a credit card, take the following
precautions:
Never lend it to anyone.
Never sign a blank charge slip. Draw lines through blank
spaces on charge slips above the total so the amount can't be
changed.
Never put your account number on the outside of an envelope or
on a postcard.
Always be cautious about disclosing your account number on the
telephone unless you know the person you're dealing with
represents a reputable company.
Always carry only the cards you anticipate using to prevent
the possible loss or theft of all your cards or
identification.
Always report lost or stolen credit cards to the card issuers
as soon as possible.
You may freely reprint this article provided the author's
biography remains intact:
John Mussi is the founder of Direct Online Loans who help UK
homeowners find the best available loans via the http://www.directonlineloans.co.uk
website.
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