1.
Every Credit Card Owner
Should Know These
BY: www.newhorizon.org

2.
Many people today see
credit cards suspiciously,
like those pieces of plastic
may magically ruin their
financing without their
approval.

3.
There are proper ways to
use credit cards, and if done
properly, they can make
your life better rather than
worse.

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

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