10 Things You Need to Know Before Getting a Credit Card

Potential Liability

When unauthorized charges show up on your card, it’s no big deal since you don’t have to pay them, right? Not necessarily. If you do not report the charges within 60 days, you may be legally responsible for all of them – even if the culprit is caught.

It is important to keep a close eye on your credit card account and check your authorized purchases at least once a month. You may also want to invest in a credit monitoring service which alerts you to any use of your credit. Even if your credit card is just for emergencies there is a chance that the information could be stolen or even hacked from the card company- always monitor your accounts to avoid expensive surprises.