Using Credit Cards Wisely

Using Credit Cards Wisely

Credit cards can be extremely useful when you are booking a hotel or when you need to rent a car. They are also an easy way to pay for a large ticket item. The truth is that having a credit card can just make your life a whole lot easier. When you use your credit card wisely, the credit card can do wonders for your credit score. This can make it easier for you to get a loan and buy a house one day.

When you manage a credit card poorly, on the other hand, you are going to have to deal with interest changes, high rates, late fees, and so much more. It is very very easy to let using a credit card get out of hand. Fortunately, there are things you can do to make sure you are using your credit card wisely.

Do not spend more than you have.

One of the biggest mistakes people make with credit cards is seeing them as extra money. When you view a credit card as extra money, you are going to find yourself in a financial black hole. There is nothing wrong with using a credit card to build your credit score, but you should only spend money that you have.

Do not wait until the due day to make payments.

Just because there is a due date for payments on your credit card, does not mean you have to wait until that due date to make a payment. Make small payments on your credit card throughout the month to keep it paid in full. It is going to be less stressful on you to pay a smaller bill when the bill is actually due then to have to pay a massive bill at the end of each month.

Credit cards can be a blessing or they can be a curse, they are what you make them out to me. Don’t make the mistake of using them poorly.

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DLWright

Hello! You'll see me leaving comments as Trisha Wright around the site. I'm a 24 year old mother of one. I'm a stay-at-home and work-at-home mother that makes a full time income online. I am happily able to support a family of three from the comfort of my own home! Hoping that I'll be able to share how I make this happen with other members of D2D Tips!

4 thoughts on “Using Credit Cards Wisely”

  1. Having a credit card is a responsibility. Be wise and cautious in spending as well as to be mindful of paying the dues before the due date.

    Reply
  2. You are so right about the credit score connection. You’d think that paying off all your credit cards would be paramount. Turns out that CC activity is a major deciding factor for mortgage approval.

    Reply

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