Use your credit cards wisely

NEW York | - Recognition card game are a convenient manner of paying measures and covering day-to-day expenses, but they do it far easier for the financially challenged to carelessly rack up debt, cripple their recognition evaluation or autumn quarry to personal identity thieves. In the book ''On My Own Two Feet,'' Manisha Thakor and Sharon Kedar, both hired fiscal analysts, offering guidelines for responsible recognition card management:
Watch those involvement rates! Recognition card companies often entice clients by offering low pressure involvement rates in the beginning. But these rates be given to hit up after the introductory time period expires. Worse, sometimes you never even acquire the charge per unit you believe you signed up for, because it's only available to those who ''qualify'' -- and unbeknownst to you, you didn't.

Wage all your measures on time. Not just your recognition card bills: All your bills. Because it's legal for recognition card companies to raise your involvement rates if you're late on anything. Don't utilize hard cash progresses or ''free'' checks. As a rule, the involvement rates are much higher on hard cash progresses and recognition card bank checks than they are on your existent recognition card. Limit the figure of cards. The danger of having too many card game is that it acquires harder to track your spending. State no to ''add-ons.'' Somes batch of recognition card companies offering add-ons, such as as disablement coverage or account-monitoring services, but don't take the bait. Report purloined card game right away. If you describe a lost or purloined card within 24 hours, you're only responsible for $50 worth of charges. Shred unsought offers. Never throw recognition card offerings in the rubbish without destroying them or you go forth yourself open up to personal identity theft.