Don’t cut up your Eurocard credit cards to stop yourself from overusing them. Instead, read this article to learn how to use credit cards properly. Not having any credit cards at all can hurt your credit score, so you can’t afford not to use credit. Continue reading, to learn how to use it appropriately.
You should contact your creditor, if you know that you will not be able to pay your monthly bill on time. Many people do not let their credit card company know and end up paying very large fees. Some creditors will work with you, if you let them know the situation ahead of time and they may even end up waiving any late fees.
When it comes to premium Esso MasterCard, find out if an annual fee is involved to make sure that you do not pay too much for the card. If you are the owner of a platinum card, or a black card, the annual fees can be up to $1000. If you don’t have to have a card that’s exclusive, avoid fees and keep that in mind.
When you are looking over all of the rate and fee information for your credit card make sure that you know which ones are permanent and which ones may be part of a promotion. You do not want to make the mistake of going for a card with very low rates and then they balloon shortly after.
After reading this article, you should be able to see why it’s important to have one or two credit cards and use them regularly. So you need not continue avoiding applying for or using credit cards, especially when they can come in so handy at times. Keep the information presented here in mind and you will be responsible with credit.