There are so many people who don’t’ keep an eye on their credit card statements every month. The moment their credit card statement comes to their mail box, some people think that they might be having some bad news and to pay more, especially when they are fighting to overcome their existing debts. There are a few who think of doing something fancier on their credit card and not concerned about their credit card statements. Sometimes, ignorance can be the key reason of being in excessive debts. People often think that they will review the credit card statement when there is some time in hand but unfortunately, it never happens.

Compare credit cards before you stick with the right company. It is so easy to spend on your credit card and later fall into a huge debt trap. If you are inspecting your credit card statements regularly, there is a chance that you can avoid a lot of inaccurate charges that might have been showing up on the statement. Besides, you will always be grounded in reality even if the outstanding balance is too high. You will always be concerned about paying it back as soon as possible. No one wants to have their debts hanging over their head for too long. If you are not reading the statements because of expecting something bad, you are only delaying the inevitable and making it stay for longer.

Another important reason of checking your credit card statement regularly is to see if there is anyone misusing your credit. A large amount of credit card fraud is done in a more subtle manner. Fraudsters know it very well that if they make a huge purchase on someone’s credit card, the automatic detection systems of the credit card company will make the customer more alert and he will know that someone is misusing his credit card account. In order to avoid this situation, they will do a number of small transactions to avoid being caught. Check your statements regularly to make sure that your credit card account is not being fraudulently by anyone. Staying proactive is the best way to keeping your credit file good and you have a better chance of picking up on something dodgy before it gets too late.

If you are reviewing your credit card statement properly, you will notice any changes in the terms and conditions by your credit card company. If you keep multiple cards, you will be able to compare credit cards offers and use that one that offers more benefits for a certain period of time. By not going through your credit card statement, you will not know what changes were made by your credit card company over the period of time. If you are used of making a payment on a specific date just before the due date, and if your credit card company has moved the date ten days ahead, you will be charged interests and fees because of your lack of awareness.

Checking your statement is never going to be fun, but if you can set aside a few minutes each month and review it carefully, you will avoid a lot of troubles resulting out of your unawareness and this means that you will save your hard earned money.

Credit card can be very helpful during emergencies and especially when you are running out of cash. While you have purchased an item on credit, you get extra time between the purchase date and the billing cycle. You can arrange the cash and pay your bills on time. But be wary! Credit cards can often get you into troubles if you are not using it properly. Follow some helpful tips in this article and keep yourself away from credit card troubles.

When you are applying for a credit card, review the fee structure very carefully. Watch out for the carrying balance. There are some credit card companies who charge 20% or more on interests on the remaining balance not paid within the billing cycle.

The interest rates are not always fixed. If a credit card company is changing their interest rate, they will notify you in writing within 15 days. You might see a very high interest rate charged on your outstanding balance. This is not what you thought when you applied for the credit card. Always read the terms and conditions before applying for the credit card and make sure that you go for a reputed credit card company.

Always read your credit card statements very carefully. You might see some unknown charges added on the outstanding balance. It may be due to a mistake or for some other reasons. You should dispute the item with the credit card company and get it fixed immediately.

The finance charges on cash advances are very high. More importantly, the interest rates starts accruing from the date when you withdrew the amount and it will continue to add until you have paid the balance in full. Always be aware of the interest rates and fees before withdrawing cash from your credit cards.

Some credit card companies have an annual fee. While most companies have waived off the annual charges, but there may be some company to whom you will pay $50 or more for just keeping that card.

Watch out the introductory offers. When you received a credit card offer in your mail that offers a zero percent or very low interest rate, it can be quite tempting especially if you are already paying a very high interest rate on the other credit card. Double check the introductory card offer. It can be for a certain period of time. If you are not able to pay back the balance within that time period, the interest rate will again go back to what it was on the other card or may be higher.

Always think before you make a purchase on your credit card. If you cannot afford to pay back your credit card bills within the due dates, credit card company will be earning money from you in high interests and fees. Don’t overstretch yourself so that you fall into debts.

You have just come to the college and you get many credit card offers from different companies. It tempts you to get one at least and show the fancy card in your group.

There are many credit card companies who set up their tables in the common areas of the college campus. They want to encourage every student to sign up for a credit card. There are many ways by which they advertise their credit cards like T-shirts, water bottles, Frisbees, coffee mugs, etc. in exchange for having you fill out an application. You should always give a deep thought before getting tempted and signing up for the credit card. According to the study conducted by U.S. Public Interest Research Group, students who got the credit cards from their college campuses have higher unpaid balances from other students who didn’t get their credit cards from the same place and at the same time. If you are using the credit card to your credit limit and not paying it back, it is quite obvious that you are falling into huge debts.

Even though credit card companies consider college students as a good credit risk, but still they extend credit card offers to them knowing the fact that they don’t have a permanent job and borrow student loans for their studies. It was found in a research that students who get their first credit card tend to stay loyal and continue to make purchases on that card for a long period of time.

As a student, you can use a credit card to make a positive credit history. If you have a good credit history, you will get better chances of getting new private student loans, car loans, rent an apartment, get a job and buy a house. You have to keep your credit scores on the high to get decent interest rates from credit card companies.

• There are other advantages of having a credit card:

1) You will be able to use your credit card as a security in emergencies.

2) You don’t need to carry enough cash in your pocket. When you have a credit card, you have a lot of purchasing power.

3) If you are able to use your credit card properly, it will enhance your personal responsibility and independence.

You need to decide yourself whether you are a good candidate of having a credit card. You can easily get a credit card from a credit card company but you have to make sure that you are able to manage it with more responsibility and pay your bills in time. It’s very easy to fall into debts, but to stay out of it shows your knowledge of using your credit card properly and with lots of responsibility.

Are you getting the maximum benefits from your credit card reward programs? There are so many people who use their credit cards in a fancy way, using specific reward cards for specific purchases. People using multiple cards purchase gas by one card, groceries by another card and their air travels are completely done in a separate card. If you are able to use the credit cards as per the rules, you have got the most of it otherwise it can often become a headache. Here’s how you can still reap the benefits of rewards cards by following these simple rules below.

First apply for a credit card that gives you the most reward programs. For example, if you are a pet lover, then you would definitely like to use a reward card that gives you points fro buying pet merchandise and veterinary services. On the other hand, if you have a reward card that gives you the most number of points for online purchases and you are not using it often, you are not making the full use of that particular reward card from that financial institution. If your job requires a lot of traveling, then you should find one reward card that will give you maximum points on gas purchases, rental cars, and even airline miles. If you are able to make the maximum use of your reward cards from your every day purchases, these cards will prove valuable in the long run.

There are certain predictable recurring charges on the credit card which can be paid off by using the reward points on that card. This way you will not have to spend extra money and your reward points will prove helpful. There may be some special promotions offered by your credit card company. Make sure that you keep an eye on such limited period offers. You should also note that the reward points you earn on the credit card is not going to last forever. It has a limited time frame before the points expire. When you apply for a credit card and are well aware of the terms and conditions, check the special offers that can help you earn reward points faster. To earn more reward points, you can work out an agreement with your company to make office purchases through your card and you will earn more reward points. Later, your company will reimburse your expenses. This is certainly going to add up more reward points sooner.

While you are making the full use of your reward cards, make sure that you don’t make any late payments. If you are late in your payments, your credit card company might have one term through which they can forfeit your points. If you have already lost your reward points because of some missed payment, you should immediately call the credit card company and negotiate with them to reinstate all the points to your account.

Review the catalogs from your credit card companies. You will find many items that can be redeemed with your existing points. If you face any problems, you will be able to get the assistance from the customer care of the credit card company. They will be happy to assist you in redeeming your reward points.

Different banks issue credit cards to their customers. You can also get a credit card from a retailer or a consumer store. This will allow the consumers to purchase goods and services on credit for a certain limit, interest rate and the time period. You will have options to choose from a variety of cards, depending upon your requirements. Either you can apply for a credit card online or you can get it done through paper application or by phone.

• Following the steps on how to apply for a credit card:

Step 1: Get all the necessary information about the credit card plans, rates and the interest charges. You will find all that necessary information from the credit card company through internet, personal finance magazines and in newspapers.

Step 2: Apply for the credit card of your choice. You can get it done online or by submitting the paperwork with the credit card company. Make sure that the application form you are filling is endorsed by the credit card company and is an original document. Photocopies are invalid.

Step3: While applying on phone, call the toll free number of the credit card company of your interest. You can find their number online on their websites or through yellow pages, newspapers or magazines. Follow the automated instructions that you hear on the phone.

Step4: Online applications are a much easier process. It is perhaps the fastest and the most preferred method when you apply for a credit card. Go online and search for the different credit card options offered by the credit card companies, financial institutions and stores.

Step5: When you have decided for a credit card, make sure that you have reviewed their fixed or fluctuating interest rates, APR, credit limits, interest free days, penalties, grace periods, schemes for cash advances and balance transfers. Different credit card companies also offer limited attractive offers. Make sure that you have reviewed all the implied costs.

Step6: When you figured out the credit card you want to go for, search for applying options online.

Step7: Review the preconditions attached to the credit card like driving license number, social security number, date of birth and address proof. You don’t need to have a bank account with the same credit card company, nor you need to maintain a minimum balance if you have a bank account with them.

Step8: Once you have reviewed the application form, fill in the details and check everything before submitting the application form. It is always necessary to read the privacy statement before you apply for a credit card.

Step9: You can also apply for multiple credit cards; provided you have a good financial background and you know how to use the credit cards.

BTW, do you know the meaning of “solicitar tarjeta de credito“? It means apply for a credit card. It is the Spanish term.

People who have a bad credit are in the toughest spot. Even if you have taken measures to clean up your bad credit, it is always going to take some time before you can see your credit scores going up. You didn’t have the bad credit situation overnight. So, the repair work is certainly going to take some time. Your application for new credit will be delayed especially if you are applying for a small loan or mortgage because of your credit history. In a situation like this, if someone calls you on the phone and asks you to apply for a credit card and they can make your credit scores perfectly alright, be aware of them. They can charge you an upfront fee and perhaps, not offer you any services for which you paid them.

You may fall into a bigger scam if you apply for a credit card with a very bad credit history. There are so many companies that advertise their credit card offers through fliers, letters and even make phone calls to the people, especially who are in huge debts. They will claim that everything will be restored to normal if you pay them a fee. Be aware that you are going to pay them some money when you are already in a financial crisis and there are many companies on the internet that are big scams.

If you hear from someone on the phone who says that your bad credit is not a problem and they can clean up your bad credit history instantly, you need to be cautious of such people. They are definitely trying to take the advantage of you. They know it very well that you have made some bad mistakes in the past and you definitely want to come out of it. Lack of research and adequate knowledge will put you deeper into the hole. Accurate negative information is going to stay on your credit report for seven years. No credit repair company can get it removed from your file before the legal time period. Do not apply for a credit card with the hopes that you can pay off your existing debts by it. Talk to a non profit debt counseling company who have the options of reducing your existing debts. They can put all your debts under one affordable monthly payment plan and negotiate with your creditors. They will let them know that you are unable to pay their highest interest rates and late fees, so you definitely want some reduction in your monthly payments, late fees and the finance charges. If you really want to apply for a credit card, there are some legit companies that might have some zero percent interest rate offers for a limited period. There are some credit cards for people with bad credit. Don’t let scammers scare you away from legitimate help when it is available.

Based on the type of reward programs and the eligibility, many people decide about the credit cards they would like to use for themselves.

Almost every credit card company offers points system towards purchase of merchandise or gift cards, airline miles, credit for fuel purchases and other appealing bonus programs. Cash rebate credit cards are now more common which a customer will look for finalizing the best credit card for himself. You can’t expect anything better when you are able to make purchase on credit and at the same time, you are getting some cash back bonuses from their credit card charges.

While you are looking for a cash rebate credit card, make sure that you have thoroughly revised the best credit card rates with that offer. It is important to be cautious when you are opening a new credit card account. One wrong decision will put you deeper into the hole and your financial picture will be ruined.

Always read the fine prints when you applying for the credit card from a reputed company. The bonus programs can seem to be terrific but if you have not understood the terms and conditions associated with the account, you will end up messing up your finance and looking for another credit card with additional debts.

Understand the fine print carefully. Find out the best credit card rates along with the offers that come with it. Compare the credit card offers with other companies on the internet. Most credit card programs do not have an annual fee, but it does not mean that no company will charge you anything annually. You should be aware of the fee structure before opening an account.

Verify the account grace period, interest rates, and late fee charges when credit limit is exceeded. These are important points to be reviewed before finding out the best credit card company for you. Everything should be compatible and accepted by you before signing up with the credit card company. While you are reviewing the associated costs, you should also read about the fraudulent charges, stolen credit cards and cases of identity thefts. Different credit card companies have their own policies and lines of credit. You should be well familiar with all associated costs.

Once you have figured out all the terms and conditions of the credit card company, it is time to review their cash rebate credit card program. Make sure that the cash back bonuses are calculated in a fair way rather than being tricky or complex.

There are some companies who will send your cash rebate once you have earned a certain amount. However, there are other companies that will require you to make a request on the bonus points available. There is an expiry term on the cash back bonus programs. Make sure that you claim for it before the term expires.

• How to Benefit From Cash Rebate Credit Cards?

The best way to use your cash rebate credit card program is to spend on household purchases and then pay the full amount within the due dates. Don’t carry the outstanding balance to the next billing cycle otherwise you might lose the cash rebate credit card offer because you might have already spent your share more on interests and fees. If you are well disciplined to use your cash rebate credit card, these bonus programs will definitely prove to be the best bet for you.

While you are making the full use of your credit card and the bonus programs, make sure that you don’t get tempted to do unnecessary spending, and carrying the outstanding balance from one month to another. You will be paying a lot on interests and fees and you will fall into the cycle of being in excessive debts. Many people think from one side only to get the advantages of the cash rebate, but if you don’t have the money to pay in full and are charged interests and fees on the next billing cycle, you barely earn anything from the cash rebate program.

Make sure that you understand the best credit card rates and the cash rebate credit card program that comes along with it. The offers made by the credit card companies are certainly appealing but if you are not disciplined with your finance, it will certainly cost you more in the long run. Use your credit card wisely; don’t fall into the debt trap.