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.

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