TIP! Watch for new cards that offer a signing-up bonus if you are looking to add a credit card to you wallet. Make sure that you’re fully aware of what’s in the fine print, as bonuses offered by credit card companies often have strict requirements.

Bank cards can be hugely frustrating for many people. The only way you can make proper credit decisions is by following good advice. Use the tips in this article to help you learn how to live responsibly with credit cards.

TIP! Understand fully the terms and conditions of a credit card before you apply for it. The terms include interest rate, yearly fees and payment terms.

Only if you regularly shop at a certain store should you think about applying for a store credit card. The initial credit inquiry with the credit bureaus that a retail store makes to sign you up will end up on your credit report, whether or not you end up opening an account. Repeated applications for credit could negatively affect your overall credit score.

TIP! Watch out for changes to the terms and conditions on your cards. Often, you will find credit companies changing their terms or conditions on a regular basis.

Make sure your card doesn’t have any annual fees, or you will pay too much. Annual fees for high end cards can be very high depending on how exclusive they are. If you don’t need an exclusive card, keep this in mind and avoid the fees.

Credit Limit

TIP! If you make credit card purchases online, do not do so from a public computer. Computers in public areas such as libraries and coffee shops will store your information.

Keep a close watch on your balance. Also know your current credit limit so that you avoid exceeding it. If you exceed your card’s credit limit, you could be charged some hefty fees. This will make it harder for you to reduce your debt if you continue to exceed your limit.

Do not apply for any bank cards by mail if your mailbox is not lockable. Many of the bank cards reported stolen have been taken from unlocked mailboxes.

TIP! Don’t believe your card interest rate is non-negotiable. Credit card issuers have several interest rates they can use at their discretion.

Don’t use a public computer when you’re buying something online with bank cards. The kinds of publicly-accessible computers available in libraries and coffee shops will almost always retain a record of your purchase information. Entering confidential information, like your credit card number, into these public computers is very irresponsible. Use only your own computer at home for any and all purchases.

Interest Rate

TIP! Some people think that avoiding credit cards altogether will help their credit because they won’t have any debt. It is a good idea to have a credit card so you can start building a good credit history.

Do not be hesitant to inquire about getting a lower interest rate. Based on your history with your credit card company and your personal financial history, they may agree to a more favorable interest rate. Simply call up your creditor and ask for a better rate.

TIP! When looking for a secured card, you should avoid prepaid cards. This is nothing more than a debit card and won’t affect your credit rating.

Make a list containing the account numbers of your credit cards and any phone numbers associated with your lenders. Have this information in a secure area, like a safe, and away from your actual cards. Such a list is helpful when you need to quickly get in touch with lenders in the event your cards are lost or stolen.

TIP! Check into all fees and charges that go along with a card for which you are thinking of applying for, not just the interest rate and APR. Sometimes there are charges like cash advance rates, service charges and application fees that would make the card not worth it.

Don’t give credit card numbers out on the internet or on the phone, unless you know and trust the vendor you’re dealing with. Be extra careful if you receive an unsolicited offer for which credit card information is requested. Many scammers exist who want your card number. Be diligent and protect yourself.

TIP! Never send your credit card information through a fax machine. Faxes may sit in an accessible area for a lengthy period of time, giving many people the ability to see to your number.

If uneducated, it is easy for people to become frustrated and overwhelmed by their charge cards. However, with a little research and knowledge, you will be able to choose the best card for you. Use the information presented here to help you select the right card and use it wisely.