A credit card is nice to have in an emergency, when making reservations and while on vacation. Do you have a serious need right this moment, but lack the cash to resolve it just now? There is no problem! Just use the credit card and you’re fine. Would you like to build up your credit? With a credit card, it is easy! Continue perusing this piece to gain practical information about credit cards.

Always read the fine print to see if there’s an annual fee before accepting an exclusive credit card. Annual fees for platinum or black cards could be in the range of $100 to $1,000 depending on the exclusivity of the card. If you don’t really need an exclusive card, then you can save money and avoid annual fees if you switch to a regular credit card.

Be sure to read the fine print of the credit card terms carefully before you begin making purchases to your card initially. The majority of card issuers see the initial purchase as your acceptance of a card’s terms. The fine print may be small; however, you still need to read it all.

Don’t give into someone else wanting to borrow your credit cards. Even though a good friend might have a need, it is never a good decision to lend it to anyone. You could be struck with expensive over-limit charges by your credit card provider if your friend accidentally overspends.

Keep an eye on your credit report and score. Good credit requires a score of at least 700. This is the bar that credit companies set for trustworthiness. Wisely use your credit in order to maintain this level or to reach this level if you aren’t this high yet. You will get excellent offers of credit if your score is greater than 700.

Make a list containing the account numbers of your credit cards and any phone numbers associated with your lenders. Maintain it in a secure place, like a safe, and keep it separated from your cards. Use this list to contact your credit card issuers if your credit cards are ever lost or stolen.

Avoid prepaid cards when you are looking for a secured card. In reality they are debit cards, which means they don’t report to any major credit agencies. A lot of them will charge extra fees and are basically no more than a checking account. Place a deposit and get a proper secured credit card which will report to all major credit bureaus and raise your credit score.

It is clear that credit cards are used for many different things. This ranges from simply buying things at a checkout line to trying to boost your credit score. Take this advice to heart as you utilize your card.

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