How To Make The Most Out Of Your Credit Cards Many of the warnings that you have heard about overspending or high interest raters were probably linked to credit cards. However, if you use these cards properly there are benefits. These can include rewards and conveniences. Read the following tips and techniques to learn how to properly utilize credit cards. When you charge something online, print a copy of the receipt. Keep the receipt so that you can review your credit card bill, to ensure that the online company did not charge you the wrong amount. In the event of a discrepancy, call the credit card company and the retailer at your earliest possible convenience to dispute the charges. This is a great way to make sure you are never overcharged for the items you buy. Remember that there is nothing stopping you from asking your bank to give you a better interest rate. If they will not do so, it might be time to shop for a new card. When you discover one, switch to a company that will serve you better. For each credit card purchase, check the receipt before you leave the cashier's presence. If anything on the receipt needs to be corrected, this is the easiest time to get it done! Don't get your kid a credit card if he or she is not ready to handle the responsibility. While it might be difficult to consider your child too immature for a credit card, it will likely lead to much better spending habits down the road. When closing card accounts, leave one open to help you build good credit. Keep the one you have had the longest, or the one that has the best record of timely payments. This shows prospective lenders that you have managed the account well for a long period of time. If you don't want to lose any of your credit cards, make sure to use them regularly. If you have an inactive account, your creditor may shut down your card. Try using your credit cards to pay for things you have the money for, and then pay off the credit cards immediately afterwards. It is not wise to apply for a lot of credit cards. With too many cards on hand, your finances become a burden to juggle and make sense of. Too many cards can also make it unbearably tempting to overspend on things that you can't actually afford. Be aware of recent credit card laws. For example, it's now illegal for a credit card company to retroactively increase rates. Another example of something that credit card companies are prohibited from doing, is double-cycle billing. Be informed on current laws. The CARD Act, as well as the FCBA, are two important laws to know about. You should not apply for a rewards program credit card if you are inexperienced or irresponsible with credit. These cards give you the encouragement to make a lot of monthly purchases in order to get rewards, and it can be easy to fall in debt if you aren't careful. Many times it is advisable to begin with a lower limit credit card than one with a rewards program. Avoid paying off your credit card balance immediately after you use the card. Instead, hold off until your statement arrives so you can pay off the full amount. Doing this will improve both your credit score and payment history. Check with card companies about whether they're willing to reduce their rates. In many cases, companies are willing to lower the interest rates of customers who they have a lengthy and positive relationship with. A lower interest rate can save you a fortune in the long term and asking for a rate reduction does not cost you a penny. Always look over your credit card statement each month immediately upon receiving it. Look over your statement and make sure there are no discrepancies. This is a great way to see if there are any transactions that aren't authorized as well as ones that are duplicates. Notify the credit company right away, following their required procedures. Just because you have reached the age to acquire a credit card, does not mean you should jump on board right away. You should try to understand more about having credit cards before you make any decisions that can financially affect you. There are several responsibilities associated with being an adult; having a credit card is only one of them. Get comfortable with financial independence before you obtain your first card. Never close your accounts. Open accounts always help a credit score while closed accounts can end up hurting it. The fewer accounts you have open, the less total credit you have available, which means you will owe more as a proportion of your credit limit. Credit cards can provide many benefits when used in a smart way. These benefits include convenience, rewards and peace of mind. Intelligently applying the information from this article will allow you to use your credit cards properly.