How to use your credit card to your benefit

How to use your credit card to your benefit
November 13 13:35 2018 Print This Article

Using a credit card is something nearly everyone does. Some are more responsible with credit than others, and some tend to borrow more than they should. But there are ways you can use credit cards to your benefit, instead of letting the interest and other fees get the better of you.

Here are some tips to think about:

Get the Right One for Your Needs

Don’t just choose any old credit card. Instead, pick something that’s going to benefit you. If you fly a lot, you’ll want something with airline miles. Like to take the train? There’s an Amtrak credit card, too. Plus, there are a lot of cash back cards to choose from, and some of them have other perks that you might want to explore.

Pay the Balance Off Each Month

You don’t want to pay interest on your purchases, and the way to avoid that is to pay the balance in full every month. Make sure it’s paid on time, too, so you don’t get late fees or other charges added onto your balance. Emergencies and problems can happen but paying the balance in full and on time should be the norm.

Don’t Buy Big-Ticket Items

If you can avoid buying big-ticket items for your Lexington SC home with a credit card that’s usually the best idea. Sometimes it’s not possible to avoid doing that, but it’s better not to incur large amounts of debt or end up with big balances that utilize most of your available credit. It brings your credit score down.

When you have credit card questions, we want to help. Reach out to Palmetto Citizens Federal Credit Union today and let us work with you to find the credit cards and other financial products that are going to be best for your needs.

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Clare Louise
Clare Louise

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