Verify all fees and charges associated with a potential credit card, rather than just the APR and interest rates. These additional fees may include charges for cash advances and service charges. Work the numbers to ensure that you select the right card for your needs.
Develop a budget for your current lifestyle. Just because there are limits on your card, does not mean you can max them out. Know your monthly income, and only spend what you can pay off in full each month. This will help you to avoid owing interest payments. Do not use your credit cards to pay for gas, clothes or groceries. You will find that some gas stations will charge more for the gas if you choose to pay with a credit card. It’s also not a good idea to use cards for these items because these items are things you need often. Using your cards to pay for them can get you into a bad habit. With any introductory interest rate offer or balance transfer offers, you must read all the fine print. You need to know exactly what you will be charged after the introductory offer period expires. A lot of times, offers like this mask ridiculously high interest rates which kick in after the introductory time period has passed. Read the fine print and understand the terms and conditions before you jump at a low-rate card. If you have an enormous credit card balance hanging over your head, resolve to pay it off as soon as possible. By doing this, you will improve your financial health, as well as your credit score. Budget an amount that is more than the minimum required payment, and pay that new amount each month.