3 Effective Tips to Use Your Credit Cards Wisely
Be responsible
When it comes to having multiple credit cards, you must require more responsibility from yourself. Falling into the rabbit hole of consumer debt is something that you never want to face. In making sure that you are responsible and using your credit cards to your advantage, you will always benefit from them, and your FICO Score will benefit too. The following three effective tips will help guide you on using your credit cards wisely so that you can always benefit from them:
1. Always Pay Your Full Monthly Balances
2. Use Your Credit Cards for the Majority of Your Purchases
3. Remember to Use Your Rewards
1. Always Pay Your Full Monthly Balances
Paying your full monthly balances is something that you always must do. As stated earlier, you do not want to fall into the rabbit hole of consumer debt. Every major credit card issuer offers some form of automated payment for your monthly balances, so make sure that each of your credit cards has it activated so that you do not have to worry about paying them off manually. Your payment history makes up the majority of your FICO Score at 35%, so make sure to pay your full monthly balances all the time.
