Beneficial Tips You Can Use With Your Credit Cards


TIP #1 

If you are thinking about transferring your balance or getting a card with a special introductory rate, be certain to read all the fine print. Have a thorough understanding of what will happen at the end of the introductory period.

TIP #2

If you have more than one card that is used regularly, try prioritizing usage according to the APR of the cards. Try to use the card with the lowest interest before the ones with higher interest.

TIP #3

Remember that every time you use a credit card, you are essentially borrowing money. Many people don't think about this and spend way too much.

TIP #4

Credit card companies make it difficult for teenagers under 18 to start a credit card account in their own name. Parents can often make you an extra user on their credit accounts.

TIP #5

Always pay your credit card on time. You may have to pay large fees if you ignore the due date on your credit card statement.

TIP #6

Odds are you're well aware that late fees can be killer, but keep in mind that fees for going over your limit can also be quite harsh. The fees you have to pay can be very costly, and it can also do some serious damage to your credit score.