7 interesting things about credit cards

Fact # 1: You have rights under the Credit Assessment Act. Have you seen his monthly statement lately? If you have and you've observed that there are errors, inconsistencies and fraudulent charges even advise you to play immediately with the credit reporting agencies. Always remember that Credit Reporting Act protects consumers against unauthorized transactions, provided that they can report these items to their respective card issuers, in two or three days.

Fact # 2: All credit card issuers reporting by consumption activities in time to the three major credit bureaus. Therefore, if you want to use a secure account to start or rebuild their credit card, then you should ask your card issuer advancement, which has close ties to the credit reporting agencies work. If your answer is yes, then you can make your account application credit card. Otherwise, you may have to look for other companies that can help you achieve your goal of building or rebuilding credit.

Fact # 3: As a curiosity, other fees and charges imposed on different card accounts. For example, secured credit cards come with deposit requirements. Meanwhile, other programs may require you to pay financing costs and other related costs, depending on the operations you will use your credit card.

Fact # 4: Credit cards are not one and the same. In fact, come with interest, fees and charges, terms and rates of payment options, credit limits, and highly variable application.

So to get one that suits your needs, affordability and preferences, it is your responsibility to shop around and compare the features imposed on the various card programs. Thus, the most likely end up with a credit card that will surely work to your advantage.

Fact # 5: Some credit cards charge different prices in different operations. Some cards today carrying various types. In addition to the interest rate to be charged on the invoice, purchases and expenses, you may also incur costs for cash advances, balance transfers and other additional facilities.

This means that if you intend to keep your credit minimum payment, you must use these features sparingly. In fact, we suggest using ONLY IF IT IS ESSENTIAL.

Fact # 6: Managing multiple credit cards is a big no-no, especially if you want to repair your credit. This is due to several credit lines, the risk of a huge financial obligation actually increases, especially if you find it difficult to control your spending habits. So far as possible, take into account the advice of experts to handle more than two card accounts at once.

Fact # 7: You can opt for a fixed rate or variable. In fixed rate programs, you can set a low interest rate credit card you want to use, for the duration of the credit agreement. On the other hand, programs floating rate, the interest rate may start small, but soon could skyrocket depending on the changes that will occur in the current market rates.

finally you can have ideas about most credit card . and what diffrent bettwen credit card and other  check other article .