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Author: Mike
Wilson
 Maintaining a good credit rating is easier than you think.
But there are some things that you should know that will help aid
you in this very important and ongoing process. We here at
EliteCreditCards.com want you to be comfortable using your credit
card in times when you need it most and not have to worry about
getting yourself into trouble.
The
following are some tips that we definitely feel will help
you.
Tip
number 1: Evaluate your purchases. If you cannot afford
the purchase now, you probably will not be able to afford it in a
month when the credit card bill is due.
Tip
number 2: Know your annual fee(s). You are often times
charged $50 or more just to have the card.
Tip
number 3: Be mindful when you carry your balances. Many
credit cards can charge at least 20% or more in interest. You can
find your interest rate by looking for the Finance Charges located
in the information package you receive with your credit card.
(This is often overlooked which leads to a big surprise if the
not taken note of.)
Tip
number 4: Be careful with using cash advances this carries
a high finance charge and interest begins accruing as soon as you
take the money out, not after the next statement closing. So be
sure you have an immediate way to make payments on this transaction
and try to pay it off as soon as possible. (Remember interest
in most cases works against you!)
Tip
number 5: Be sure to examine your statement very carefully
and call customer service right away if you feel something is not
right. (The information for customer service or customer care
is also in the packet sent to you with your new credit
card.)
Tip
number 6: Know the length of your introductory offer. If
you receive a credit card offer through your email, mail or other
it may expire in three or six months. Make sure you are aware of
this and aware of the rate after this time period ends. Remember
interest in most cases is not your friend and the credit card
company will not forget this information so therefore neither
should you.
Tip
number 7: Interest on a credit card works against you. Use
it wisely.
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