Credit history and keeping tabs on your card

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Building Credit History » Credit history and keeping tabs on your card

Credit history and keeping tabs on your card


Updated: December 26, 2012

Add to Favorites:

Most people tend to assume that credit cards are an easy affair. You get a set limit within which you get to shop to your heart's content. It seems like easy money and extra spending power that absolutely seems like the easiest way out. The important thing to understand however is that with every credit card, each person has a responsibility to pay for what they spend on. Unless they repay what is owed they will not be able to do anything to improve their credit history. Many people tend to misjudge that having credit means spending as you like; however every penny you spend will have to be accounted for in addition to interest rates on it.

When deciding to choose a credit card consider the fact that you should look for one that is best suited to your needs. Consider your spending habits carefully and see where you will be most benefited. If a card will mean you will be earning very little on it and simply spending without thought it can be quite damaging to your credit history. Keeping your credit scores fair and working at having them at a good level always is extremely important. Another concern most people tend to neglect in the matter of credit cards is the annual fee on it. Sometimes they do not read carefully and may not realize that many additional fees come into play which can lead to issues in paying what is owed every month. A delinquent payment or a late one can all be damaging to people and sooner they realize this fact the better it is.

Credit cards are important for a number of reasons the least of which is the fact that they give people additional spending power and the ability to pay it off in installments. This does not mean however that you max out your card on all the purchases you want to make. Doing this can also be damaging to your credit scores and can cost you quite heavily in payments every month. Paying your dues on time can help you have a good credit history and better standing to negotiate with your bank on getting better deals. No matter how many interesting offers come in your mail, remember to carefully read and understand what it entails so as to not be on the losing end of the matter and end up paying more than you can afford.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products’ Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

Posted: June 21, 2017

Whether you are married or not, we all agree that marriage is incredibly important for a person. It signifies the beginning of two people as a team, as a family, of a long commitment. It is a newly born union and the sign of your choice, ... Continue reading
How to Save Money. Best Credit Card Deals and Tips.

How to Save Money. Best Credit Card Deals and Tips.

Posted: June 20, 2017

We all've been through or may find ourselves in such an emergency when money is needed immediately. Lucky you are if you have savings for unexpected expenses. If not, it's never too late to start saving money. There are different ways to ... Continue reading
Cashback Match Lets You Double Your Discover Rewards

Cashback Match Lets You Double Your Discover Rewards

Posted: June 7, 2017

Discover has always been a leader in the cashback rewards game; with their generous 5% cash back in rotating categories offer, you can earn up to $75 in cashback rewards each quarter. But their latest card takes credit card cash back ... Continue reading