A credit card is a double-edged sword. One edge offers convenience and security when making purchases. You’ll even find some transactions (renting a car, reserving a hotel room) can get tricky without one. So yes, a credit card has a useful side. But it can also have a second edge, a dark side. It’s all too easy to find yourself in trouble with debt, fees and finance charges (not to mention a shrinking credit rating) if you allow easy access to credit to get the best of your budget.
To begin with, your mantra with your credit card(s) should always be: No balance, no late payments. This simply means you shouldn’t make purchases you can’t afford. Strive to pay off your balance each month, and make your payment on time. Of course, that’s the best-case scenario. Life sometimes presents unforeseeable circumstances that require alternate decisions. No matter where you may find yourself, take a look at some tips that can help you with credit cards and their usage.
One last note: if you’re leaving town and plan on using your credit card(s), be sure to call the issuing financial institution for each card and let them know where you will be. Why? This is a practice that helps protect you. If your card company sees strange purchases (a Mexican sombrero) coming from a city far away (Cabo San Lucas), a red flag goes up. There’s question as to whether it’s really you making the purchases or perhaps someone who’s stolen your identity.
Vantage offers Visa Classic, Gold and Secure card options, and a MasterCard Platinum option that earns CURewards. Our credit card options have competitive rates, no annual fees and many other benefits! Apply for yours today.
Curious about your credit score? You can get an idea of what it is at Bankrate.com by clicking here. Or, you can get your actual credit report once a year at www.annualcreditreport.com.
|Avoid Those Holiday Scams|
5 hours 14 min ago
|Big Savings on Mortgage Costs!|
5 days 11 hours ago
|Make Your Money Matter!|
5 days 11 hours ago
6 days 9 hours ago
|Enterprise Perfect Picks Used Auto Sales Event|
2 weeks 2 days ago
|Tricks of the Retail Trade|
2 weeks 5 days ago
4 weeks 6 days ago
|Here Comes the Giving Season!|
9 weeks 2 days ago
|The Positive Side of Credit Cards|
9 weeks 5 days ago
|Supporting Our Members and Their Neighborhoods|
9 weeks 6 days ago