5 Golden Rules to Master Your Credit Cards

1. Pay Off Your Credit Card in Full Every Month

  • Avoid Interest: Always pay your balance in full to dodge high-interest charges and build good credit.
  • Stay on Track: Set up automatic payments to ensure you’re never late.

2. Request Fee Waivers

  • Ask for Savings: Don’t hesitate to ask your bank to waive annual fees or offer incentives.
  • Extra Perks: You might save money or get additional benefits just by asking.

3. Don’t Cancel Old Cards

  • Maintain History: Keep older cards to maintain a long credit history, which is good for your credit score.
  • Keep Them Active: Use them for small, regular expenses to keep them from being closed.

4. Keep It Simple

  • Manage Wisely: Stick to a few credit cards to avoid complexity and make it easier to track payments and benefits.
  • Maximize Rewards: Simplify your management to get the most out of your rewards without feeling overwhelmed.

5. Request Credit Limit Increases

  • Boost Your Score: Increasing your credit limit can improve your credit utilization rate without the need to spend more.