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10 Tips to Use Credit Cards Wisely

Having a credit card can be a dream and a nightmare. One minute you don't need it and the next minute it's all you've got. With COVID leaving so many people to depend on all they have, it might be hard to bounce back and keep good credit card habits. Here's a few things to remember so no damage is done to your credit score or credibility!

  1. By paying off your cards in full every month, never running a balance, and taking advantage of rewards, you can actually earn money by using your credit cards.

  2. Never borrow more than you can afford to pay back right away.

  3. Make a holiday spending budget before you shop and also try saving small amounts of money throughout the year in a special holiday fund.

  4. Don't use your credit card like a bank account, and avoid cash advances whenever possible.

  5. Credit card companies will often lower your interest rate if you simply ask.

  6. Prioritize your debts and expenses and pay the most important ones first

  7. Don't use more than 30 percent of your available credit

  8. Don't take on any new debt or apply for any new credit cards

  9. Don't cancel any credit cards after you pay them off.

  10. Pay every bill on time every month

This piece of plastic can be hard to control when it's just so available to you, but following these tips can make it a little easier and better for your future!!

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