So just how knowledgeable are you about the ins and outs of credit card management? As credit card companies mail out billions of card solicitations to homes nationwide as well as invade colleges and universities every year with free t-shirt promotions with the cards they issue, many new words and terms are hurled at us at an instant. Credit card applications are filled in a hurry as unsuspecting college students and other consumers briefly scan over blocks of fine text and submit their forms in eager anticipation of the right to say "charge it!". Unfortunately, the fine print they overlook often comes back to haunt them in the form of "unexpected" service fees and charges.
Not surprisingly, credit card companies utilize the fine print to take advantage of the consumer who is willing to get a credit card at any cost. (Meaning: Good for the credit card issuer, bad for the consumer.) It happens all too often when consumers are blinded by the fact that if they shop around, they may be able to find credit cards with better deals such as frequent flyer mileage, lower interest rates, or no annual fees. By learning the key points of how the whole credit card system operates, anyone can manage their credit card use better!
The following survey provides an assessment of your credit card handling practices.