credit cards

9 questions before choosing a credit card

Credit Cards » 9 Questions Before Choosing A Credit Card
Can anything I charge be used against me?
Next
7 of 10
Back
Can anything I charge be used against me?

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."


 

 

advertisement

Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 16.37% --0.00 16.37%
Cash Back Cards 16.70% --0.00 16.70%
Low Interest Cards 12.02% --0.00 12.02%
 
Search
advertisement
advertisement
advertisement

Credit Card Blog

Mike Cetera

Post-Brexit, here’s how to pay in the UK

How can you best be sure you're taking full advantage of Brexit-influenced pricing? Use your credit card.  ... Read more


Connect with us