Hey, are you in your adulthood? Are you heading to the college or a new job? First and foremost, got your new credit card this year?
Wow, that’s good. Now, what are you going to do with that? I do not think that you are going to buy a car or a house or to pay off your student loan with that first credit card. Is that so?
You cannot even possess all these things, since to acquire all these possessions or to pay off your outstanding debts, all you need is a good credit.
You might be getting ready to leave your parents and start a new life of your own, and in such a case, you are not going to have any kind of credits- good or bad. So, how you are going to fix this problem? You can try to get a new credit card, but remember if you are not careful with it, you can fall into problems.
What You Need To Have To Possess Your First Credit Card?
When you are planning for which credit card to opt for, you should at first try to evaluate yourself. For example, are you the one who procrastinates? Are you having any kind of steady income that will allow you to pay out all the outstanding bills? Why do you think to get your credit card in the first place?
It is needed to be clear to yourself, and when you are able to answer these questions, remember that you are not creeping inside any kind of danger. You may feel that you are the most irresponsible on earth, but you are at the same time dying to get hold of your new credit card.
Read the Offer Document Carefully
Have you heard the phrase “Read the Small Print”? If you take a glance on the full page, if you find this small print that may let you disregard this, but in case, you make the least attempt to read it. Do you know that small print carries a lot of information? Often this information is about hidden fees or fees that will be charged for spending more than your limit.
You might also need some kind of annual fees or a rate charge that is going to affect for a certain time. Be cautious as no credit card company is going to accept the lame excuse “I didn’t know”, they will need their payment at any time. It is your duty to get hold of the chunk of information, so that you don’t get trapped in due course.
Do Follow the Rules
When you are going to use the credit card for the first time, do follow to bide by the primary rules.
- You should try to shed all kind of receipts that you have, and shed those credit card offerings that you do not like to have.
- Do not give the credit card number over the phone until and unless you are the one who initiated the call to the company from whom you are ordering things, or trying to get the bill paid.
- Keep the customer service numbers in a safe place.
- If you lose the mail of your new car, an automated system will ping you, before you proceed.
But, there is a statutory warning for the first time credit card owners. Try to avoid it in the beginning of your new life, as they have some troublesome beast associated with them. If you have finally decided to get one, then best of luck and try to know how to manage your money.
Author’s Bio: Mercy McCarthy, author of this article is outbound outreach consultant, working with renowned outbound telemarketing companies for several years. She is having proficient knowledge on outbound calling campaigns, and throws light on how they process it to facilitate both small and large business.