Tips For Effective Credit Card Use

The benefits of using a credit card responsibly outweigh the costs. Here are some good practices to adopt:

  1. Pay your bill on time and in full every month
  2. Keep your balance below 30% of your available credit
  3. Wait at least six months between credit card applications
  4. Review your account online weekly to track spending and avoid fraud
  5. Keep no-annual-fee credit cards open and active to avoid hurting your credit score
  6. Using a credit card responsibly is an easy and efficient way to establish healthy credit. You’ll be thankful that you did so when you’re able to borrow affordably in the future.