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Friday, February 13, 2009

Tips on Credit Cards

By Amanda Somrekli

What's more, there are far too many rogue traders eager to fleece you as you merrily click and buy and any number of phishers and ID thieves ready to whip credit card details from unsuspecting buyers.

Sign up for a newsletter - Most of the major credit card companies have newsletters that you can subscribe to. Simply go to the main credit card company's website and look for a place you can sign up.

This covers you in the event of something going wrong with the transaction and enables you to claim against the credit card provider or the trader.

Before putting the tax bill on a business credit card it may be worth investigating this option first rather than incurring interest charges on the amount via the credit card.

As financial belts tighten, business credit cards may start to become more of a luxury rather than a necessity for many businesses.

There are scams out there that you want to look out for such as a card without a major logo. If the card doesn't have a Visa or MasterCard logo, you'll want to skip over it right away because you're most likely asking for trouble.

Understanding the fine print, and the fees, on your credit card can save you not only a lot of grief, but a considerable amount of money, as well.

Credit needs to be used wisely, and careful management of a business credit card is still a good option for small and medium size businesses that want an additional line of funding available to them for everyday use.

Clearly, the foregoing facts point to constant vigilance as the key to avoiding identity theft and minimizing any damage if it does occur. What does this mean specifically as it applies to your credit cards?

While it is certainly necessary to exercise care in online credit card use, the attention devoted to high-tech occurrences of identity theft may sometimes obscure the fact that most abuse is the result of good old-fashioned hands on larceny.

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