10 Things You Should Do With Credit Cards
Learn how to successfully manage the most dangerous financial tool
Hey, you all, I hope you’re creating some sunshine for yourself today. I got ten credit card tips for you.
Once I got my first credit card the year I graduated college, I never used a debit card again.
Credit cards are the best thing to use—especially when you manage them instead of allowing them to manage you.
10 Things You Should Do With Credit Cards
#1 Use Them As Your Primary Form Of Payment
Not only will this increase your financial security, but it will also help you track things, give you a 30-day interest-free loan, and win you plenty of rewards back.
#2 Setup Automatic Payments
The best way to never miss a payment is to set up automatic payments.
It is an easy thing to do, yet so many people don’t do it.
It’s easy not to do the easy things (Jim Rohn).
#3 Use Them For Travel
One of the best ways to protect yourself financially whenever you travel is to utilize a credit card for all your purchases.
It’s also much easier to get a refund when you use a credit card versus a debit card.
A credit card doesn’t take any money from your bank account like a debit card.
So you don’t feel the financial error as you would with a debit card.
#4 Don’t Apply For One If You Haven’t Mastered Them
Avoid applying for credit cards if you don’t know how to manage your current credit card successfully.
One thing you don’t want to create for yourself is more debt.
If you’re carrying balances and utilizing more than 10-30% of your credit card, take a few steps back and learn how to master the basics so you don’t get bogged down with credit card debt—one of the nastiest types of debt.
#5 If You Can’t Afford It, Walk TF Away
Don’t use your credit card to make purchases you know you can’t afford to pay back before the billing cycle ends.
Big trap.
#6 Don’t Cosign or Authorize Financially Irresponsible People
Don’t cosign for a credit card with someone who is financially irresponsible.
Furthermore, don’t add authorized users who will abuse and disrespect the opportunity.
#7 Monitor Vigilantly
Monitor your credit card purchases to avoid potential fraudulent transactions or overcharges.
Sometimes it’s not fraud but accidental transactions.
Keep track to ensure your purchases are 100% yours.
#8 Pay It Off EVERY Month
Pay the balance every month, so you can avoid interest payments, which are a total waste of money and become very expensive over time.
#9 Use It For Everything
Charge all your bills, expenses, and purchases on your credit card to earn rewards on your planned purchases.
#10 Don’t Apply If Your Current Ones Are Maxed Out
Don’t apply for another credit card when you max out your current credit cards.
Whenever you have a maxed-out credit card and carry the balance, you have not mastered the credit card and need to learn how to utilize it efficiently.
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