Credit cards can be powerful financial tools when used responsibly – they offer convenience, protection, and rewards.
The key is paying the full balance every month to avoid interest charges that can quickly spiral out of control.
Use credit cards for planned purchases you can afford, not to extend your spending power.
Credit card rewards are only valuable if you’re not paying interest that exceeds the rewards value.
Monitor your statements regularly for fraudulent charges and report them immediately.
Keep your credit utilization below 30% of your available credit limit to maintain a good credit score.
If you struggle with credit card debt, consider using cash or debit cards until you develop better spending habits.
Credit Utilization Ratio: 6 Solid Strategies to Improve Yours
