Here0s how to avoid high risk cards or turning your good deal card into a high risk one:
1. Check the fine print. Most offers have parameters and eligibility status requirements. The old saying that nothing0s for free is true. If the offer is too good to be true, check what could disqualify you as a potential candidate for rebates and rewards. You can get those rebates and rewards but you have to be a good customer. Some offers are cancelled the month you miss one check. Yup, one missed pay date and your balance goes up to a higher APR and you0re stuck with massive interest. Sometimes it can be two missed payments. It pays (a lot) to check this out before you write down your name on anything.
2. Know that companies can change your terms and conditions without prior notice. As a former customer service agent, I used to get lots of calls regarding this. A lot of people simply don0t read their terms and conditions. Usually, there0s print at the bottom that says subject to change without notice. To avoid this, READ every bit of mail that the credit card company sends you. This can range from offers, to policy […]

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