Page 46 - Book6E

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Plastic Money
Let’s Review __________________________________
Know Your Credit Card Terms
Whenever you get a new credit card or about once a year on an open account, your credit card company will send you a pamphlet full of fine print about your account. This is where you find the important information about changes in interest rates.
Find this pamphlet for one of your credit cards. You didn’t keep it? Go online and visit the website of your credit card and see if the information is posted there. If you still can’t find it, call the Customer Service number on the back of your card and ask them to send you a current copy.
Once you have the pamphlet, look for the information about interest rate increases. It might take awhile, but stick with it until you find it. Once you’ve found it, read it carefully and highlight it for future refer- ence. Are you in danger of having your interest rate increased? If so, how much will it increase?
While you are at it, write down the phone number you need to call if your credit or debit card is lost or stolen and put it in a place where you can access it easily. After all, if your card is stolen, you won’t be able to look on the back for the number.