Credit history and keeping tabs on your card


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most 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. 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

The content is accurate at the time of publication and is subject to change.

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.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
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:

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 8, 2018

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading
The Best Credit Card for Earning Cash: Discover it® Cash Back

The Best Credit Card for Earning Cash: Discover it® Cash Back

Posted: November 2, 2018

You’ll have hundreds of dollars in your pocket in no time because you’ll earn money back on every purchase you make with this card. There are no restrictions on the amount of cash back you can get, and Discover even matches every penny you ... Continue reading
Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Posted: October 10, 2018

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... Continue reading
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!