BBB Offers Tips to Use Credit Cards
Posted on November 6, 2007
Filed Under Advice, Useful Links | Leave a Comment
With holiday shopping in full swing, credit card charges are surging. Consumers appreciate the convenience and safety of credit card transactions. The “buy today, pay later” philosophy has become a holiday tradition.
“Credit cards are wonderful tools when used responsibly. The challenge is to remember the ‘pay later’ part of your credit card agreement. The Better Business Bureau (BBB) encourages consumers to carefully review credit card options in order to avoid a post-holiday credit ‘hangover’,” said Bill Moak, President/ CEO of the Better Business Bureau of Mississippi.
This is particularly important if you are considering applying for a new credit card. US households receive an average of six card solicitations per month which can be tempting this time of year, the BBB advised.
“Our BBBTips™ on Credit Cards is designed to help guide consumers to make credit card decisions that are right for their particular financial circumstances,” said Moak. The BBB system’s new educational resource is available online at www.bbb.org/tips/clearpoint. BBBTips™ on Credit Cards is intended to assist experienced cardholders as well as those seeking to qualify for their first credit card. Topics include:
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Various types of credit cards, reward programs and other enhancements;
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The pros and cons of credit cards;
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Credit terms and definitions;
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Understanding credit card solicitations and applications;
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Deciding which credit card is right for your situation;
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Evaluating balance transfer offers;
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Steps to take if you cannot make a payment.
BBBTips on Credit Cards is sponsored by ClearPoint Financial Solutions, Inc.™, a System-wide member of the Better Business Bureau. This is the newest release in a series of BBBTips™ resources on credit and debt issues.
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