Credit Cards

Using credit cards responsibly

Holidays are swiftly approaching and the thought of those bills after the holidays can be frightful. However your mailbox could be hiding the scariest thing of all, your credit card statements. Here are a few terrifying things you should look for in your credit card statements and what you can do to fix them.

  1. Those interest rates

You didn’t sign up for this! Those high interest rates that you all of a sudden are seeing happen when you make a late payment and a penalty interest rate is imposed. To avoid this scare, make sure you are making every effort possible to pay your bills on time. Set reminders or even automatic bill pay.

  1. Those shocking fees

Added on fees are one of the most common things that cardholders fear. Foreign transaction fees, cash advance fees, balance transfer fees, annual fees, all of those can really suck your wallet dry. They should be clearly explained before you even apply, but most of the time consumers will sign up for the rewards but forget to check the fees. Don’t make this mistake. Luckily one of the perks with Eastex you have no annual fees!

  1. Fraudulent charges

That unexpected fraudulent charge can really make you freak out. While larger unauthorized charges are easier to spot, it’s those tiny ones that tend to go unnoticed. Thankfully with most cards you aren’t responsible for anything more than the first $50 of a fraudulent charges. However, end game, it’s sort of up to you to monitor your statements.

Bottom line, your credit card’s interest rates, fees and terms for credit cards, loans, and other financial products frequently change. Therefore you should be sure to verify all of these things yourself but Eastex Credit Union offers a credit card with your best options in mind.

Interested in discussing your finances or credit options? Why not contact us today?

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