Capital One: Credit Made Clearer

Managing credit doesn't need to be scary. Staying safe with your credit card is vital. Anyone can fall victim to identity theft, fraud, scams or hoaxes which may affect your credit rating. This Credit Made Clearer video will give you advice on staying safe. Credit Made Clearer is an initiative designed to help people dispel the myths, clear up the jargon and help them make the most of their credit card.

Here are some tips on ehow to control your debt and staying safe!

I'm a credit card whore! As an accountant, I'm really good with money. :-) The use of credit card can be an advantage if you use it wisely. Here are some of my personal tips on how to manage having a credit card!

1. Carry a limited number of credit cards in your name. Don't be greedy! The more credit cards you have, the more you are at risk of spending more than you can afford!

2. Spend only what you can afford to pay back within a month of two. Make sure u determine your own acceptable level of debt. Credit cards are easy and convenient to use, but if its not used wisely, it can increase your level of debt because of the interest rates charged on the late payments!

3.Apply for credit cards that don't have an annual fee, as well as cards that offer rewards to members. I use my credit card to actually save money. Some cards offers discounts on clothings, restaurants and entertainment. Make sure you get the card that gives you the benefits!

4.Read your monthly statements thoroughly to make sure all the charges were authorized for the correct amount and not subject to unexpected fees.

5.Be careful of your details! Do not expose yourself and keep your pin secret! If you need to give personal details, make sure its legit and you are talking to the right person. Dispose receipts with any details on it and make sure websites are secure when you are buying online. Ensure that the website has "https" to ensure it is secure when entering your credit card details.

6.Stop using your credit card if you're in over your head. Stop spending for things that you can't afford to pay back. Its not worth being in debt and ended up paying the bank interest!