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Every Credit Card Owner Should Know These

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Many people today see credit cards suspiciously, like those pieces of plastic may magically ruin their financing without their approval. There are proper ways to use credit cards, and if done properly, they can make your life better rather than worse.


For more tips on how to manage your credit card visit www.newhorizon.org/credit-info/

Resources:
catalog credit cards guaranteed approval
https://www.newhorizon.org/Info/catalog-credit-cards.htm

Soft inquiry credit cards
https://www.newhorizon.org/Info/soft-inquiry-credit-cards.htm

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Every Credit Card Owner Should Know These

  1. 1. Every Credit Card Owner Should Know These BY: www.newhorizon.org
  2. 2. Many people today see credit cards suspiciously, like those pieces of plastic may magically ruin their financing without their approval.
  3. 3. There are proper ways to use credit cards, and if done properly, they can make your life better rather than worse.
  4. 4. ● To make sure that you are getting a credit card with good rates, compare it's yearly fee to competitor cards. ● The yearly fee for a platinum or black card could cost from $100, all the way up to $1,000, based on how exclusive the card is. ● BUT if you don't have some specific need for exclusive credit cards, keep in mind this tip and save yourself some cash.
  5. 5. Shop around to get a card. Interest rates and conditions can vary widely. Additionally, there are various kinds of cards: there are secured cards, cards that double as phone calling cards, cards which let you either charge and pay afterwards or they take out that charge out of the account, and cards utilized just for charging catalogue product (catalog credit cards guaranteed approval) . Carefully examine the offers and understand exactly what you want.
  6. 6. Compare Interest Rates If a card has a higher rate of interest, it means that you will pay a higher interest expense on your card's unpaid balance, which is a real burden in your wallet.
  7. 7. Minimum Monthly Payment Required See to it that you pay at least the minimum monthly payment required on time. It may cause damage to your credit rating if you fail to this this and also may cost you a great deal of money over time.
  8. 8. Credit Card Limit See to it that you know your credit card limit. Going over that limit may equate to greater fees than you are prepared to pay. It'll take much more for someone to cover down their balance should they exceed their limit consistently.
  9. 9. Credit Inquiries Each time you opt to apply for a new credit card, your credit report is assessed and also an "query" is created. The credit inquiries remain in your credit report up to 7 years.
  10. 10. Many hard credit inquiries brings your credit rating down. So before you begin wildly applying for different credit cards, check if their credit requirements match your credit profile. Check our list of soft inquiry credit cards here
  11. 11. For more tips on how to manage your credit card visit www.newhorizon.org/credit-info/
  12. 12. RESOURCES: ● catalog credit cards guaranteed approval https://www.newhorizon.org/Info/catalog-credit-cards.htm ● Soft inquiry credit cards https://www.newhorizon.org/Info/soft-inquiry-credit-cards.htm

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