Every Credit Card Owner Should Know These

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Every Credit Card Owner Should Know These

• BY www.newhorizon.org

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• Many people today see credit cards suspiciously,
  like those pieces of plastic may magically ruin
  their financing without their approval.

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• There are proper ways to use credit cards, and if
  done properly, they can make your life better
  rather than worse.

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• To make sure that you are getting a credit card
  with good rates, compare it's yearly fee to
  competitor cards.
• The yearly fee for a platinum or black card could
  cost from 100, all the way up to 1,000, based
  on how exclusive the card is.
• BUT if you don't have some specific need for
  exclusive credit cards, keep in mind this tip and
  save yourself some cash.

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Shop around to get a card.

• Interest rates and conditions can vary widely.
• Additionally, there are various kinds of cards
  there are secured cards, cards that double as
  phone calling cards, cards which let you either
  charge and pay afterwards or they take out that
  charge out of the account, and cards utilized
  just for charging catalogue product (catalog
  credit cards guaranteed approval) .
• Carefully examine the offers and understand
  exactly what you want.

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Compare Interest Rates

• If a card has a higher rate of interest, it means
  that you will pay a higher interest expense on
  your card's unpaid balance, which is a real
  burden in your wallet.

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Minimum Monthly Payment Required

• See to it that you pay at least the minimum
  monthly payment required on time. It may cause
  damage to your credit rating if you fail to this
  this and also may cost you a great deal of money
  over time.

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Credit Card Limit

• See to it that you know your credit card limit.
  Going over that limit may equate to greater fees
  than you are prepared to pay. It'll take much
  more for someone to cover down their balance
  should they exceed their limit consistently.

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Credit Inquiries

• Each time you opt to apply for a new credit card,
  your credit report is assessed and also an
  "query" is created. The credit inquiries remain
  in your credit report up to 7 years.

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• Many hard credit inquiries brings your credit
  rating down. So before you begin wildly applying
  for different credit cards, check if their credit
  requirements match your credit profile.
• Check our list of soft inquiry credit cards here
  

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• For more tips on how to manage your credit card
  visit www.newhorizon.org/credit-info/

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RESOURCES

• catalog credit cards guaranteed approval
• https//www.newhorizon.org/Info/catalog-credit-car
  ds.htm
• Soft inquiry credit cards
• https//www.newhorizon.org/Info/soft-inquiry-credi
  t-cards.htm