How to Smartly Manage Your Credit Card Charges
Written on 5:00 PM by zorayda
As a card holder, what can you do to stay out of credit card debt? Here are 6 tips on how to handle your account the smart way:
1. Be aware of your credit card’s exact terms. How well do you understand your credit card’s Terms & Conditions? Surprisingly, many cardholders are not even aware of their exact interest charges, transaction fee costs and penalties. If you’ve had that credit card for a long time, has there been any change in your interest rate and fees? Do you take the time to read your credit card mails? Remember, your credit card company can increase your charges at anytime as long as you’re given the 15-day advance notice.
2. Ask for a lower rate. If your credit card has increased your interest rates, you can call them up, speak with the manager and ask for a lower rate. Don’t be afraid to point out the interest rates that other credit card companies offer. If you feel that you need to threaten your credit card issuer of leaving, go ahead and do so. However, it’s best to raise your issues politely and with dignity. If your credit card company refuses to give in, you can try calling them again after a month or two.
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