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10 Dumb Things You Do With Credit Cards

Thursday, July 25, 2013 - 7:56 AM
There are an estimated 1.5 billion credit cards in use in the United States and that can make them seem pretty ubiquitous. Nevertheless, access to credit cards is a privilege not a right, and if you make mistakes, you’ll pay a price – sometimes a hefty one.

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It is very important to read the fine print on everything, especially financial contracts/agreements. 

My practice is to maintain old credit card accounts with only minimal activity, since they are a part of my credit history. 

Checking credit card balances daily is a good idea.  It only takes a few minutes and, as I learned a couple of years ago, has the added advantage of being a good early warning of credit card abuse/fraud.  While consumers are generally liable for only $50 in cases of credit card fraud (and most issuers waive that anyway), separating fraudulent credit card charges from legitimate ones, as well as re-establishing bill pays, and other financial linkages take time and effort too. 
pearlbrownpearlbrown1,469 posts since
Nov 2, 2010
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