1. Statistics about US credit card users
   These statistics are far from reassuring. According to an investigative report conducted by the PBS, most Americans do not know their credit scores and have no idea how credit scores even work. Additionally, an expected 35 million US card holders pay only the minimum amount on their credit card balances each month and most do not read their credit card agreement. Since most experts agree that such practices can lead to serious credit problems, you will want to consider these statistics. If these statistics apply to you, you may wish to change your credit card habits so that you can enjoy a safer financial life.

2. Credit debt
   According to studies, the average American household is carrying a credit card debt of between $7000 and $8000, a debt load many financial experts claim puts Americans at risk. Credit debt can quickly spiral out of control, thanks to the high interest rates many card companies charge. If you carry a balance on your credit card, you should do everything you can to repay as much of your debt as possible each month .

Key Information About Credit Card Safety

1. Online usage
   Credit cards allow you to conveniently shop online. However, not all online stores are legitimate. Before you share your credit card number and data with any online store or web site, you will want to read about the credit card information processing that the retailer uses. Only give your credit card number to online companies that are legitimate and offer encryption technology to keep your numbers safe.

2. Three digit security numbers
   These three small numbers are located on the back of your card. They help legitimate businesses and card companies determine whether you are actually the holder of the credit card you are trying to use. You will want to be careful to only share these numbers with companies you trust.

3. Credit card numbering
   The number on your credit card helps to identify you as the owner of the card. However, in order for a company to charge your credit card, they require your name and your expiry date as well. Despite this, you should be careful where your credit card numbers appear. Never send credit card numbers over email and always store any papers with your card numbers - such as your credit card billing information, for example - in a secure place or shred it before discarding it.

4. Credit card fraud
   Credit card fraud occurs when someone uses your credit card information without your consent or knowledge. This can occur if someone uses stolen credit card information to open a new account or to spend money on your credit card. The best way to prevent this is to keep your credit card information secure. Only share credit card information with companies you trust and always check your credit card bills carefully for any inconsistencies. Report any errors to the card company.

Using Credit Cards Wisely

Credit Card Agreements

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