Helpful Tips To Optimize Credit Card Management
IN THIS LESSON
- Each credit card comes with its terms and fees. Read the fine print in detail. Understanding this will help you better manage your credit card and save on any costs.
- Your credit utilization ratio is the amount of revolving credit you’re currently using divided by the total amount of revolving credit you have available. The credit utilization ratio has a massive impact on your credit score.
- Timely payments help you avoid late fees and boost your creditworthiness.
- Pay your card off monthly. If you cannot pay the card off monthly, this indicates you are spending more than you make.