Protecting Credit

Credit cards make buying things easier than ever before, but it’s important to keep track of your spending. Each time you buy something with a credit card it’s like taking out a loan. Incidental and impulse purchases add up, and when the bill comes, you have to pay what you owe.

Another reason why it’s important to keep track of your spending is in case there are inaccuracies on your statement. If you notice a problem, promptly report it to the credit card company. Records to keep when you’re buying online or through a catalog include printouts or copies of each transaction or form, confirmation codes, a copy of the catalog you’re using (if applicable), and the warranty, return and refund policies.

Never lend your credit card to anyone.
Never sign a blank charge slip.
Never put your account number on the outside of an envelope or on a postcard.
Always be cautious about disclosing account numbers on the telephone.
Carry only the cards you need.
Keep a record of your account number, the account’s expiration dates, and the phone number and address of each credit card company in a secure place.
Report lost or stolen ATM and credit cards to the card issuers as soon as possible. Follow up with a letter.