Don’t be fooled by those who tell you that it is okay to buy something, if you just put it on a credit card. Credit cards have lead us to have monumental amounts of personal debt, the likes of which have rarely been seen before. Get yourself out of this way of thinking by reading this article and seeing how credit cards affect you.

Whenever you spot anything fraudulent on your monthly credit card statement, call the issuing company right away. The earlier the credit card issuer knows, the better chance they have of stopping the thief. By doing this you also are less likely to be held responsible for any transactions made from the thief. Fraudulent charges can usually be reported by making a phone call or sending an email to the credit card company.

Check your credit report regularly. By law, you are allowed to check your credit score once a year from the three major credit agencies. This may be often enough, if you use credit sparingly and always pay on time. You may want to spend the extra money, and check more often if you carry a lot of credit card debt.

Avoid being the victim of credit card fraud by keeping your credit card safe at all times. Pay special attention to your card when you are using it at a store. Double check to make sure you have returned your card to your wallet or purse, when the purchase is finished.

You want to not only avoid late payment fees, but you also want to avoid the fees tied to going over the limit of your account. Both are high fees and going over your limit will also damage your credit score. Watch this carefully so that you aren’t going over the limit for your credit.

Make friends with your credit card issuer. Most major credit card issuers have a Facebook page. They might offer perks for those that “friend” them. They also use the forum to address customer complaints, so it is to your advantage to add your credit card company to your friend list. This applies, even if you don’t like them very much!

If your financial circumstances become more difficult, speak with your card issuer. If you are going to miss a payment, see if your company will work with you to adjust your payment plan. This could help because they may not end up reporting your late or missed payment to the credit agencies.

In order to keep a good credit rating, be sure to pay your bills on time. Avoid interest charges by picking a card that has a grace period. Then you can pay the entire balance that is due each month. If you cannot pay the full amount, pick a card that has the lowest interest rate available.

Knowing the impact that credit cards really have on your life, is a good first step towards using them more wisely in the future. Often times, they are a necessary building block for good credit. However, they are overused and often, misunderstood. This article has attempted to clear up some of those confusing ideas and set the record straight.