You’re reading post, so much attention was paid to it that it went through the normal verification processes and arrived at a perfect Luminatebrienventurebeat state of completion. But what if things go south from here? What if you find yourself in a financial bind and can’t repay your loan? Or what if you get an unexpected credit card bill, and your lender threatens to sue? It’s not as though these are hypothetical scenarios. So many people struggle with credit cards that they do actual damage. Fortunately, there is a reliable and affordable treatment for most problems with credit cards. That being said, it doesn’t work for everyone. Keep reading to know how to tackle any situation with ease… Read on for everything you need to know about using a credit card responsibly – or ignore this entire post!
The golden rule of credit card use
Easy credit cards are king. Whether you are a student, a stay-at-home parent, a construction worker, an office manager, or a private person who doesn’t need to drive, you will never be without one. The best credit cards offer you everything you need to get started. A bad credit card can hurt your credit score, but that doesn’t mean you won’t be able to get other products. Credit cards come with a confidentiality agreement that keeps your card details private. That means you can use the card in any capacity without worrying about getting in trouble with the credit card company. Credit cards come with a built-in credit score score scraper that will check your score against the national average and give you a score that’s helpful for credit scoring.
You can’t get everything for free
Credit cards come with a catch. Some cards will only credit you for certain purchases. Others will charge extra for everything. Some cards will only limit your free transfer to just that particular card. Some cards will only process your payments as a single payment, while others will hold your balance until you make a payment. There are plenty of cards that will only credit you for purchases, like the Chase Sapphire Reserve. But there are also a few that will only hold your balance until you make a specific payment.
Be transparent with your credit card purchases
Credit cards are a private number. That means that what you put on your credit card isn’t traceable back to you. That’s why you need to be super transparent with your credit card purchases. You can’t say you bought a $500 dress in a Walmart the day after your wedding. The dress wouldn’t have been on the account you name, but the credit card company would have a hard time telling who you were and what you were charged for. The same goes for other purchases you make with your credit card. When you put money in your account, you’re essentially putting your name on the account. That’s why you need to be as transparent with your credit card purchases as you are with your other online activities.
Never field a chargeback
There are a few situations where a chargeback would happen, and it would be a really big deal. But most chargebacks are under $500, and they typically have to be logged into a credit card system to be logged back into your account. If the chargeback is over $500, the card company will issue you a full refund. That being said, some credit card companies will charge you if you field a chargeback. Most will just refund your account, but if you have to pay the fee, that’s their prerogative.
Never pay in full before the due date
You don’t have to pay off a balance before the due date. Even though you have until the end of the month to pay off your loan, you should always pay it off in full before making a payment. That’s because sometimes you’ll owe more than the balance. Other times the balance is lower than the amount you owe, but the amount you have to payment is higher. Paying off the full balance is what gets you on track.
Always respond to e-mails and calls promptly
E-mails and calls are the new ways to communicate with family and friends. They are incredibly convenient and efficient. But they are also incredibly inaccurate. Over time, even good e-mails get lost in the world of social media. That’s why you should always reply to all emails and phone calls promptly. Even if you receive the e-mail a day before it comes out, you should still be able to respond to it. That way, you are on the same page with your friends and family, and you will be able to catch up with them at any time.
Bottom line
Credit cards provide an amazing opportunity for individuals to build a better life for themselves. They are an incredible way to start. But each card has it’s own unique set of problems and how tos. And that’s what makes them so useful. But at the end of the day, you need to use them responsibly. Don’t use them for everything, use them for what you need them for. And don’t say you have the answers to all of life’s questions. Go to the doctor, visit a doctor, take a test, go to the hospital, whatever you need to get help. The best credit cards are those that help you get to the root of your problems and give you some help along the way.
