Credit history and keeping tabs on your card

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com 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. 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

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:

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

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

Posted: February 12, 2018

The sun shines more and more each day, flowers are in bloom and you already feel how hot it is getting - summer is here. Summer holidays are almost here, and you are in need of dire preparation. You can lift in spirits and let CreditLand ... Continue reading
Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Posted: February 10, 2018

If you're trying to find the perfect rewards credit card, you might feel like you're drowning in options. There are just so many out there, and many of them look similar. This can make it tough to decide on a card. One thing people often ... Continue reading
Price Protection: Credit Cards That Will Refund a Price Drop

Price Protection: Credit Cards That Will Refund a Price Drop

Posted: February 8, 2018

Those who often find themselves buying stuff and then discovering that they could pay less for the same item they've just bought, will appreciate this credit card benefit – price protection. This is the least known and the most neglected ... 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!