How to Properly Use Your Credit Card

1
How To Properly Use Your Credit Card
2
Credit Cards and the fine print

• There are many different kinds of credit cards
  available to consumers. You've probably seen
  plenty of advertising for cards with a variety of
  perks, like airline miles or cash back. But what
  you should also know is that there's a lot of
  fine print to go with these perks.Here are some
  tips on how to properly use your card so you
  dont go beyond the fine print.

3
Avoid Applying for High Interest Credit cards

• Always avoid applying for credit cards that have
  high interest rates. While interest rates
  compounded annually may not seem all that much,
  it is important to note that this interest can
  add up, and add up fast. Make sure you get a card
  with reasonable interest rates.

4
Manage your credit card online

• Most credit card companies now have online
  resources where you can oversee your daily credit
  actions. These resources give you more power than
  you have ever had before over your credit,
  including, knowing very quickly, whether your
  identity has been compromised.

5
Watch your statements closely

• If you see charges that should not be on there,
  or that you feel you were charged incorrectly
  for, call customer service. If you cannot get
  anywhere with customer service, ask politely to
  speak to the retention team, in order for you to
  get the assistance you need.

6
Pay Back What Youve Charged on your card

• Remember that you must pay back what you have
  charged on your credit cards. This is only a
  loan, and in many cases, it is a high-interest
  loan. Carefully consider your purchases prior to
  charging them, to be sure that you will have the
  money to pay them off.

7
Pay on time

• Pay your minimum payment on time each month, to
  avoid more fees. If you can afford to, pay more
  than the minimum payment so that you can reduce
  the interest fees. Just be sure to pay the
  minimum amount before the due date.

8
Dont treat your credit card like an atm
Don't get in the habit of charging every single
item that you buy. Doing so, will only pile on
charges to your bill, you may get an unpleasant
surprise, when you receive that monthly credit
card bill.
9
RESOURCES

• List of credit cards for rebuilding credit
• http//www.newhorizon.org/Info/creditbuilders.htm
• Why You Should Never Pay Just the Minimum Amount
  Required by Your Card Issuer
• http//www.newhorizon.org/credit-info/paying-on-yo
  ur-credit-cards/

10
Join OUr Community
New Horizon Business Services, Inc.
NewHorizon.Org
NewHorizon.Org