How Much Is Too Much Credit Card Debt? Check Out These Great Tips!

Are there any good reasons to use credit cards? If you are one of the people who believes you should never own a credit card, then you are missing out on a useful financial tool. This article will give you tips on the best way to use credit cards.

Make sure that you destroy any credit card applications that you have received in the mail since they can become a great way for someone who wants to steal you identity to be successful. You should purchase a small paper shredder and have it handy to destroy them before you toss them out.

When you receive a replacement credit card in the mail, cut up your old one, and throw it away immediately. This can prevent your old card from becoming lost, or stolen, allowing someone else to get hold of your credit card number, and use it in a fraudulent way.

Mark your calendar for the day that you are expecting to receive your credit card statement. If your statement does not arrive when it is expected, be sure to contact the company as soon as possible. You must get a statement each month, carefully read through it to be sure nothing is missing ,or additional charges do not appear.

Read each monthly statement carefully. Make sure that you recognize each charge that is applied to your card and any payments made. If you find an unfamiliar charge, it may be a mistake placed on by the card company, or it could be something worse, such as someone else using your card without your permission. Make sure that you contact the company if you see these any bogus charges.

Always try to find a credit card that does not charge an annual fee. Some credit cards that charge annual fees try to entice users with bonus offers or cash back incentives. While these types of rewards might be tempting, really think about whether or not they are worth the annual fee you will be forced to pay. In many cases, they are not.

If you go to make a purchase with your credit card and you are told that there will a surcharge for using that payment method, you can refuse to pay it and demand they accept your purchase. Many credit card companies do not allow merchants to impose fees, so you should check out the policies of your card company.