Tips for Protecting Your Credit Card Information

Posted onJanuary 20/2017By

Plastic is becoming an increasingly common way to pay, and digital technology offers increasingly more convenient ways to use credit. But with increased convenience also comes increased risk, and these conveniences also allow criminals to steal your information in many ways. Although banks tell you that your information is safe (and to a large extent this is true) there is always the element of risk, and that risk increases if you are not careful in your day-to-day use of the card. But there are a few precautions you can take to make sure that your information is not stolen. Be Careful Of Who And Where You Give Your Information Many places allow you to pay with a credit card, especially retail outlets. Be observant of the surroundings as well as the person who is handling your credit card. Ideally, your credit card should always be within sight, even if an…

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6 Things You Should Never Put On Your Credit Card

Posted onSeptember 26/2016By

Credit cards make paying for things so much easier, but the catch is that you get slapped with big interest payments later on. Just because you can pay for it with credit doesn’t mean you should. Here is a list of things that you should avoid paying for with credit: Taxes If you owe the government money, it’s tempting to get rid of the tax bill with your credit card, but you just end up paying the bank even more money with the higher interest rates. Instead, request that the tax bill be paid in installments. You will still have to pay interest, but it’s far less than what you would owe the bank. Medical Bills Medical bills are another liability that would tempt you to reach for your credit card. As with the government, you have the option of paying the medical institution in installments. It will take longer,…

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5 Things To Know About Your New EMV Credit Card Chip

Posted onSeptember 19/2016By

The EMV credit card chip is designed to increase security against fraudulent activities with certain key features. The EMV has been around for some time now, and it has only just gained ground in North America. It works with an embedded chip as well as the magnetic strip that is found in traditional plastic cards. If you have never heard of the EMV card, then here are some things to know about it: You Insert/Dip Rather Than Swipe With the EMV card you insert/dip rather than swipe (although you can still do that as well) and most retail outlets have upgraded to facilitate this. Even if you don’t have an upgraded credit card, you can still use the traditional one at places that facilitate the EMV cards. Also, you can still use an upgraded card at an outlet that still uses the traditional magnetic strip card transaction. It’s Still a…

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6 Things You Should Keep In Mind Before You Get Your First Credit Card

Posted onAugust 08/2016By

You’re now in the realm of adulthood and it’s time to get a credit card. Here are some things to keep in mind as you make your first foray into the world of credit. You’re in a potentially good and a potentially bad situation – it’s your choice. If you use credit cards correctly, you’ll have more financial freedom. If you use them recklessly, you might face significant debt. Here are some things to think about: How do you spend? You’ve already made up your mind that you’ll pay the balance owed each month. If that’s the case, the interest rate on the card might not seem so significant to you. Opt for a card that doesn’t have an annual fee and gives you a longer time to pay If there’s going to be a balance on the card, look for one with the lowest interest rate If you’re going…

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Safe Credit Card Usage Tips For The Holidays

Posted onDecember 14/2015By

For most people, holiday spending is a straight shot to financial disaster. Aside from not setting budgets, the number one problem is the method being used for purchases. Whereas the use of cash or a debit card takes away from a person’s immediate disposable income, credit card work in the opposite way. The lure of getting something now in exchange for delaying to pay in full is also too often a fatal attraction. The credit card formula would not be complete without that special term known all over the world as interest. Sure, swiping plastic through a machine is extremely easy, but so too is maxing out your balance. Millions of consumers get into trouble with running high utilization rates (IE the amount of credit used vs. the amount available) during the holiday season, a problem that has been exacerbated by events such as Black Friday and Cyber Monday. Depending…

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