Can anything I charge be used against me?7 of 10Some card issuers use your purchase records to assess your ongoing creditworthiness.That means if you suddenly use your card to purchase retread tires, pay for a session with a marriage counselor or make a purchase at a market on a sketchy side of town, you could see your APR climb or your credit limit fall, says Frank. If you see this practice as an invasion of privacy, ask beforehand if the issuer does this, he says.How to phrase it: Can my transactions ever be used in rating my credit risk?And that's one question the customer service representative "might not known the answer to," says Frank. "You might want to ask them to transfer you to the credit department manager."More On Credit Scores:Free FICO score estimatorNew credit card disclosure rulesCreate a news alert for "credit cards" Related Articles:Card fees level off in 2011Card payoff calculatorCredit card adviceRelated Links:Credit card topic pageSharing card accountsCompare credit cards advertisement
Some card issuers use your purchase records to assess your ongoing creditworthiness.
That means if you suddenly use your card to purchase retread tires, pay for a session with a marriage counselor or make a purchase at a market on a sketchy side of town, you could see your APR climb or your credit limit fall, says Frank. If you see this practice as an invasion of privacy, ask beforehand if the issuer does this, he says.
How to phrase it: Can my transactions ever be used in rating my credit risk?
And that's one question the customer service representative "might not known the answer to," says Frank. "You might want to ask them to transfer you to the credit department manager."
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