Credit tip of the day10/29/2022 ![]() ![]() To achieve a low credit utilization ratio, Anything higher than that can decrease your credit score. While there's no clear definition of your credit utilization, experts believe that you should keep it under 30%. By paying your bill in full, you'll avoid interest and build toward a high credit score. Following this simple rule can help you avoid interest charges, late fees and poor credit scores. The most important principle for using credit cards is to always pay your bill on time and in full. Rule #1: Always pay your bill on time (and in full) If you'd like to learn other ways to maximize your credit card use, read on for the best practices for managing your credit card. This strategy alone will help your personal finances tremendously. If you take away anything from this guide, you should always follow the first rule - pay your bill on time and in full every single month. There are four main principles to becoming a credit card master. If you aren't careful, you can end up in a lot of debt. Unlike debit cards, you're making purchases on credit - meaning you're 100% liable for paying back everything you charge to your credit card. You should always handle credit cards with extreme care. ![]() Credit tip of the day how to#How to use a credit card: The 4 principles to master This guide will walk you through what you need to know about using a credit card, building credit and earning rewards. Depending on how you use them, credit cards can either be incredibly dangerous or immensely helpful. Whether you've been using credit cards for years or you're applying for your first one, they can be confusing. How to use a credit card to earn cash back and rewards.How to use a credit card to build your credit.How to use a credit card: The 4 principles to master. ![]()
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