Think that being organized with your finances doesn’t matter? It does! In fact, you could be leaving a lot of money on the table if you don’t think about your finances in close enough detail. For example — do you know what interest rate your credit cards are at? You might think you know, but guess what — most people don’t! They’re only thinking about the rate they got when they first opened the card, but that rate might not even be in existence now.
Introductory rates do indeed go up, which means that it’s never a bad idea to keep looking around. The first thing that you want to do is make sure that you know exactly what interest rate you’re being charged. If you find that your interest rate is much higher than what your credit score would dictate, then you should feel very much free to look for a better credit card.
Of course, this naturally assumes that you do know your credit score. We’re not trying to pick on you, but if you don’t know your own credit score, then you’re really doing yourself a disservice. This is because if you don’t know your credit score you can’t possibly be able to really figure out whether or not your credit cards are suited for your needs or not. Pull your report from all three major credit card bureaus. If you really want to go the extra mile, you should definitely try to join a credit monitoring service. This will tell you if anyone’s accessed your credit report or added an item that may or may not be yours. This is also a great way to keep abreast of what’s going on to prevent identity theft.
See the benefits of being organized? Put these tips into rotation in your life today — you won’t be disappointed at all!