Credit Card Offers > A Great Financial Tool

A credit card is a great financial tool. It can be more convenient to use and carry than cash and it offers you valuable consumer protections under federal law. However, it is also a big responsibility.

If not used carefully, you may end up owing more than you can repay, damaging your credit rating and creating credit problems for yourself that can be difficult to fix.

You’ve heard other people talk about it, and you know it is important. But, what is a credit report?

Put simply, your credit report is what lenders look at when deciding whether or not to approve you for a new credit card or other loan application.

A good credit report can get you better credit card APRs or car loan rates. On the other hand, a bad credit report can also cause you a lot of problems.

Know the Facts about Credit Bureaus

• What Is a Credit Bureau?

• What Do Credit Bureaus Do?

• Who Are the Major Credit Bureaus? and

• Credit Bureaus Frequently Asked Questions

Credit Bureaus

The Fair and Accurate Credit Transactions Act (FACT Act)

There are alot of advantages to having and using a credit card.

Of course, you can use your credit card at stores and restaurants around the world. Now you can purchase just about anything—from clothing to CDs— on the Internet.

Plus, it’s nice to have a credit card in your wallet when you need money in an emergency situation. And whether you’re traveling around town or around the world, credit cards are safer to carry than cash or checks!

CREDIT CARD OFFERS
• Credit Bureaus
• FACT Act

If you lose cash, it’s gone forever. But, you can get a new credit card if it’s lost or stolen and minimize any liability for fraudulent or unauthorized charges. Simply call Customer Relations immediately using the number on your statement to get a replacement card sent to you.

Your card can be a valuable tool in helping you manage your finances. If you’re concerned about where all of your disposable income is going, a credit card can make budgeting easier.

With your monthly statement, you can see where your money is going and make adjustments in spending if necessary.

Your card can also help you build a strong foundation for your future.

It may be hard to believe right now, but the way you handle credit today can affect your ability to get a loan, home mortgage or even a job in the years to come.

Proving your financial responsibility now will show the world what you’re capable of handling in the future.

If you always keep in mind two important things, you can be successful with credit. First, remember that your credit card is a tool—a tool you should use wisely. It gives you the power to buy the things you want, when you want them.

And it may help protect you—either in an emergency or from liability for an unsatisfactory purchase.

And building a strong credit rating isn’t that difficult. Simply make at least the minimum monthly payment on time each month and don’t go over your credit limit. And if you think you can’t make a payment, call your provicer immediately.