Some people choose to live without credit cards because they fear that they might run up lots of debt if they got one. Credit card use is nothing to be afraid of. After all, credit cards are extremely useful when you find yourself in a situation where you need to buy an item but you don’t have any cash on you. This article will give you some great advice for using credit cards.
Keep track of how much money you are spending when using a credit card. Small, incidental purchases can add up quickly, and it is important to know how much you have spend on them, so you can understand how much you owe. You can keep track with a check register, spreadsheet program, or even with an online option offered by many credit card companies.
Do not use your credit cards to make emergency purchases. Many people believe that this is the best use of credit cards, but the best use is actually for things that you purchase on a regular basis, like groceries. The key is, to only charge things that you will be able to pay back in a timely manner.
If possible, pay your credit cards in full, every month. Use them for normal expenses, such as, gasoline and groceries and then, proceed to pay off the balance at the end of the month. This will build your credit and help you to gain rewards from your card, without accruing interest or sending you into debt.
You should always try to negotiate the interest rates on your credit cards instead of agreeing to any amount that is always set. If you get a lot of offers in the mail from other companies, you can use them in your negotiations, to try to get a much better deal.
Know the interest rate you are getting. This is information that you should know before signing up for any new cards. Choosing a card with a high interest rate will cost you dearly if you carry a balance. This may result in your inablilty to pay off your credit cards monthly.
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!
Never give out your credit card number to anyone, unless you are the person that has initiated the transaction. If someone calls you on the phone asking for your card number in order to pay for anything, you should ask them to give you a way to contact them, so that you can arrange the payment at a better time.
Hopefully, the advice about credit cards will help you alleviate your unnecessary fear of using credit cards for purchases. When used properly, credit cards are a great convenience and a useful tool for improving your financial life. Just keep in mind the advice in this article and you are going to be just fine.