Top 10 Tips for Using Credit Wisely

By: MicKinzie Thiem

how to use credit wisely

  1. make sure you read the fine print, so you know what happens to interest rates if you fail to make payments
  2. don't use your credit card on everyday things
  3. get a free copy of your credit report and make sure its right
  4. use a debt card (or cash) instead of a credit card if you can
  5. pay off balances right away, do not wait
  6. don't spend more than 30% of your limit
  7. do not have more then one credit card
  8. always pick a card with rewards
  9. only us e your credit card if it is an emergency, and only if you know you can pay it off
  10. never go over your limit