Best Way to Avoid Unnecessary Credit Card Fees
MasterCard is a leading credit card company. You can find MasterCard, Visa and American Express credit cards in the market. A lot of them are available with different terms and conditions.
If you have some MasterCard card then you are in for a treat! Here are some tips to get you started.
Look for a MasterCard Credit Card with no annual fee. The annual fee will be high and you will have to pay it back at the end of the year. This can take more than half of your total balance amount. The good thing is that it will not apply if you spend less than $500 in a month.
You will only have to pay the annual fee if you have spent more than $1000 in the month. Do not settle for a card with an annual fee unless you are sure that you will only be spending less than $1000 in a month.
Go for the ones with no promotional offers, freebies or balance transfer facilities. Some offer many freebies but do not give any cash back. On the other hand, there are some that offer rebates on travel and gym membership.
Do not carry your MasterCard in your wallet or purse. It is useless if you can carry it in your wallet or purse. If you want to use it as a debit card, then make sure that you keep it away from kids and also keep it covered while sleeping.
Make sure that your card has the PIN number stored on it. When you start using your card, it will ask you for your PIN number. This helps in avoiding the loss of the card.
It is highly recommended to use a card issued by the’s government. A lot of people still carry their original cards as they believe that these cards are safe. But the truth is that they are not safe as they are vulnerable to all types of fraud.
Be aware of your own habits that may cause you to use your credit card. Have a habit of checking the balance of your card before you use it. If you are not sure that you will use it, then get rid of it.
Do not choose a credit card that has the cheapest rate. Since you have to pay the fee only after a certain period of time, you will not get a discount if you choose a card with a low rate.
The best way to avoid scams is to use a MasterCard and to learn from the bad experiences that others have had. This way you will be better prepared to face those scams.