What are 5 tips for effective credit card use?
What are 5 tips for effective credit card use?
- Pay on time. Paying your credit card account on time helps you avoid late fees as well as penalty interest rates applied to your account, and helps you maintain a good credit record. ...
- Stay below your credit limit. ...
- Avoid unnecessary fees. ...
- Pay more than the minimum payment. ...
- Watch for changes in the terms of your account.
What is the number 1 rule of using credit cards?
Rule #1: Always pay your bill on time (and in full) The most important principle for using credit cards is to always pay your bill on time and in full. Following this simple rule can help you avoid interest charges, late fees and poor credit scores.
What are 5 things credit card companies don t want you to know?
7 Things Your Credit Card Company Doesn't Want You to Know
- #1: You're the boss. ...
- #2: You can lower your current interest rate. ...
- #3: You can play hard to get before you apply for a new card. ...
- #4: You don't actually get 45 days' notice when your bank decides to raise your interest rate. ...
- #5: You can get a late fee removed.