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HOW TO USE CREDIT CARDS WISELY
Always pay your monthly bills with credit cards if possible, if they don't charge you an extra fee.
For example your cable bill can be put on your credit card every month. This saves you a stamp for mailing in a payment. If
you have it deducted from a checking or savings account it is possible to overdraft your account. By putting it on your rewards
card you can be getting points or cash back for paying your bills that you have to pay anyway.
:: A Credit Card For Any Situation
Have a card with a low fixed APR if you need to carry a balance. Have a card to put your everyday spending on that rewards you in someway.
If you are going to spend it, get something in return. Always look to see if the credit card has an annual fee. Most of the time, you can get a
card that fits your needs without an annual fee. This could save you on average between $59 and $105 a year per credit card.
:: Pay Off Your Balance Every Statement
If you have the money, pay off your balance. Don't let credit card companies eat up your hard earned money with high interest rates.
:: Pay On Time
Make sure you pay your credit card bill by the due date. Most cards will charge you a late payment fee of $25 or more if you don't pay on time.
:: Use Your Credit Card Often
Credit cards are a good thing if used properly. At the least, you usually have another 30 days before you have to remove the money from your savings
to pay the bill. Besides that, if you have a rewards card, you will receive rewards for your purchases. And to top it all off, you help your credit score and history by
using your credit card wisely.
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:: TIP - The higher your credit score, the more money you save. Owning several credit cards can
raise your credit score. If you have a high credit score, you will be able to get a lower percentage rate on loans.
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