Questions for Credit Cards

Created by QFL August 03, 2003

Selecting Credit Cards

• Have I defined my purpose for using a credit card?

• Do I understand the terms of the credit card?

• Have I research various credit card companies and the benefits they provide?

• Have I talked to my family and friends about the credit card they use and the benefits associated with them?

• Can I receive frequent flier miles by using this credit card?

• Have I compared the cost annual fee associated with  to owning a credit card to the other credit cards?

• Under what conditions can the annual fee be waived?

• How many credit cards do I need?

• Will I be able to acquire my credit card balance via telephone and computer?

 

Using Credit Cards

• For what type of purchases do I want to use my credit card?

• For what type of purchases do I want to use cash?

• Do I tend to spend more money if I am using a credit card?

• Other than making purchases when else can I use my credit card such as insurance for rental cars?

• Will I be able to make purchases with this credit card work in countries other than my own?

• Can more than one family member use this credit card?

• Can additional credit cards be issued to family members under the same account number?

 

Paying Credit Cards

• If I am carrying debt I am on my credit card, what is that costing me annually?

• What is the best way to reduce that debt?

• Am I willing to incur the fines associated with late fees?

• Can I discipline myself to pay off balances in a timely manner?

 

 

 

 

 

PLEASE NOTE:

QuestionsForLiving creating these questions. In the early days, we created our own questions. We still do.

We defer to the questions of thought leaders when they are available, otherwise we create our own.