Things You Should Know to Get Along With Your Credit Card Company

Getting a credit card is a very grown up thing to do and you probably feel very excited at the thought of having this little piece of plastic in your wallet but you also feel a little bit anxious about this new responsibility. And indeed having a credit card is a responsibility that shouldn't be taken lightly. Once you've decided which credit card company you are going to do business with, there are a few rules you should know and follow to make sure your relationship with the credit card company doesn't get off to a bad start.

The Minimum

All credit card companies have a minimum payment on your card, which is simply the lowest amount of money the credit card company allows you to pay them back. A minimum payment is usually about 2 percent of your debt; a measly amount, which seems pretty manageable when you think of how little 2 percent is of a monthly bill.

However, you must also consider that a credit card company also charges interest. The longer you take to pay off a balance the more interest you build up. In this way paying the minimum on your credit card is actually a bad idea as it is a never-ending process. Once you've paid off one amount you have to start paying off another month's debt.

Being On Time and Staying Within Limits

Time is money, you've probably heard this, and with a credit card company this saying really holds true. Paying your credit card bills on time is a very important part of preserving a good relationship with your credit card company. If you read the terms of your credit card you will see that a fee is charged for late payments. This means that if you do not pay your bill by a certain date you will be charged a late fee.

It pays to not just be on time with your credit card bills but to be early if possible. Being even an hour late can mean being charged with a late fee. All credit cards come with a limit; you probably chose your credit card company because it had a limit that suited you. So, what happens when you go over limit? You are charged an over-the-limit fee for going over the agreed limit you had with your credit card company. Sticking to these two rules can save you unnecessary spending.

No Cashing In

With a credit card at your disposal you are entitled to cash advances, this may seem like a real godsend when you're a little strapped for cash. However it's wise not to use this too liberally once you have a credit card. Although you may have a low rate on anything you purchase, cash advances often have a higher rate. To avoid a huge credit card bill the month after you get a cash advance its best not to take one in the first place. By following these little tips you can keep your finances in check and get along just fine with your credit card company.

ESCANABA — People who own property in Delta County will soon be able to use credit cards to pay their property taxes. The service is available, without fees charged to the county, through Government Payment Service Inc. (GPS), said Delta County Treasurer Sandy Buckland.

Wayne County commissioners have voted to accept payments from residents in the form of credit or debit cards. Plastic can now be used for the payment of court costs, fines, real estate taxes, personal property taxes, recording fees, auto title fees, vehicle registration fees, and any other fee, cost, assessment, fine, penalty or other expense owed to a county office. The only exceptions are dog ...

Knox County staff are prohibited from making "split purchases" and personal charges on county-issued credit cards, but that's what an audit uncovered recently.

So you're at the gas station filling up your vehicle, and without warning the gas pump shuts off. What? The tank isn't full, and you know your credit card isn't over its limit.

"I tell you Doris , he was making $150,000 a year and had been working at the same place for a decade and they wouldn't approve his loan! They told him straight up that no credit history means no loan - all because he didn't have a credit card ."

CreditCardSanity.Com Home | Articles and More About Credit Cards
Contact Us | Resources

Copyright © 2007 [CreditCardSanity.Com]