... Advice Number 11 From 546

If you have a credit card account and do not want it to be shut down, make sure to use it. Credit card companies are closing credit card accounts for non-usage at an increasing rate. This is because they view those accounts to be lacking in profit, and therefore, not worth retaining. If you don't want your account to be closed, use it for small purchases, at least once every three months.<br><br>Be sure to check your credit card's terms to see if it charges an annual fee to use the card. You want to make sure that you don't pay a premium for the credit card. If you are the owner of a platinum card, or a black card, the annual fees can be up to $1000. If you don't care about exclusivity, these cards aren't for you.<br><br>When you are looking over all of the rate and fee information for your credit card make sure that you know which ones are permanent and which ones may be part of a promotion. 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Late payments can reflect poorly on your credit report, you may also be charged hefty penalty fees,  [https://n.b5z.net/i/u/10239294/f/What_Merchant_Services_ISOs_and_Credit_Card_Processing_ISOs_Should_Provide_Thier_Sales_Agents.pdf credit card processing sales] if you don't pay your bill on time.<br><br>Get in contact with your card company to see if they are willing to decrease your interest rates. Sometimes, especially if you have a long and positive history as a customer, companies are willing to reduce their interest rates. It may save you a lot of money later and it doesn't cost anything to ask them.