WAYS TO HANDLE CREDIT CARDS

• Pay off the balance in full each month:

By payingoffthebalanceinfull each month, you can avoid paying interest on your purchases and keep your credit utilizationlow.

Setting a budget and sticking to it is an important step in managing your credit card responsibly. A budget allows you to track your income and expenses and make sure that your spending stays within a certain limit.

• Set a budget and stick to it:

• Monitor your credit report regularly:

Monitoring your credit report regularlyallowsyoutocheckfor errors, identify fraudulent activity, and track your credit score.

• Be aware of the credit limit:

Being aware of your credit limit is an important step in managing your credit card responsibly. Your credit limit is the maximum amount of credit that your card issuer has extended to you. It’s important to be aware of your credit limit because using too much of it can negatively impact your credit score.

• Make use of the rewards and benefits:

Making use of the rewards and benefits offered by your credit card is another way to handle your credit card responsibly. Many credit cards offer rewards such as cash back, points, or miles for making purchases.