Tips Using Credit Card

1) “Pay [your issuer] a few days ahead of your credit card statement date,” Nazari says, which will ensure a low balance gets reported to the bureaus each month.

2) Deciding to pay the minimum each month isn’t going to do much more than cost you money, especially if you’re carrying a particularly high annual percentage rate. The lesson? Don’t forgo payments just to carry a balance month to month.

3) Pay more attention to the information on your credit report (as opposed to its accompanying score) and the risk level that the service you are using to view the information assigns you.

4) Keep your cards open and restrict use to one or two small payments a year to keep your utilization ratio intact and your payment history stellar.


Post a Comment