Do’s & Don’t of Credit Card

Convenience

These days carrying a lot of cash around is a worry. Credit cards eliminate the need and they eliminate worries over whether or not a check will be accepted.

Make Telephone and On-Line Purchases
The only way to make purchases over the telephone or online is with a credit card, but be careful when giving out credit card information. Identity theft is thriving. Never give your personal or credit card information to a stranger who has phoned or emailed you. You don’t really know if they are who they say they are. If you are interested in what they’re offering, call them back at a telephone number you find in a directory or ask for the company website address and make the purchase there.

Do’s :
(1) Make wise decisions about purchasing items you need versus those you simply want. Using your credit card responsibly means recognizing which things you need and which you just want.

(2) Let your creditor know in advance if you won’t be able to make your monthly payment on time. The worst thing you can do is simply forgo your credit card payment, no matter the reason.

Don’t:
(1) Use your credit card to make everyday purchases. Items like food, clothing, and gas shouldn’t be purchased with a credit card. Using your credit card as a substitute for cash is a habit that can quickly lead to debt. For ordinary puchases, leave your credit card in your wallet and use cash or debit card instead.
(2) Use your credit card to buy things you can’t afford. Living a borrowed lifestyle is the quickest way to get into debt.

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