Credit Cards can make you Poor

Warnings When Using Credit Cards
Here are some important tips you should consider:

• Use credit cards only for essential purchases.
• Keep unused cards in a safe place.
• Carry your credit card separate from your wallet or purse.
• Reduce the number of cards you carry and use just one or two, so that all your cards cannot be stolen at once.
• Return all unwanted credit cards and cut them up into pieces.
• Never lend your cards to anyone.
• Destroy any card and paper receipts from your credit card purchases.
• Always keep hold of your cards when handing them over for a purchase.
• Report anything untoward that happens when you use your card.
• Don't sign any blank charge vouchers for your credit cards (for example when hiring a car).
• Never give your card numbers out over the telephone.
• If you use your credit card, write the amount of the purchase on your chequebook as well, so it is recorded.
• Sign your card as soon as you receive it.
• When you use your card at an ATM, enter your pin number in such a way that no one else can see it or memorise it.
• Don't leave your receipts at the ATM so that others cannot have access to your account number.
• Make sure you get your credit card back after making a purchase.
• Never give your credit card number over the telephone unless you are the one initiating the call.

Monitor Your Card Statements
Here are some more tips when using your card.

• Always keep a list of all your credit card details in case they get stolen or lost.
• Make sure you check your monthly statements as soon as they arrive to see if there are any incorrect or unauthorised charges.
• Use the card wherever you can, but pay it off each month.
• Avoid cash advances at all times.
• If your credit card is out of control seek help and cut it up.
• Apply for charge-back if necessary. This means that if you don't receive what you paid for through your credit card you can get a refund by asking for a charge back.
• Report all lost cards immediately.