Credit Card “Do’s & Don’ts”

Credit Card “Do’s & Don’ts”

DO • Limit yourself to one or two cards • Differentiate between needs and wants • Have the mindset that “Credit Cards are a convenience”

DO • Try to pay total balance off each month or at least more then minimum payment due • Manage your credit card account like you manage your checking account

DO • Pay your bills on time or early • Mail in your payment (check) as soon as you receive your statement (bill) • Watch out for flashy “Introductory Rates”

DO • Keep your credit card receipts (especially for the more expensive purchases) • Immediately notify your issuer if you move • Immediately notify your issuer if your credit card is lost or stolen

DON’T • Use your credit card for tuition • Skip payments, even if your issuers says you can • Accept or use cash advances • Use convenience checks

DON’T • Use one credit card to pay on or off another • Increase your spending when your issuer increases your credit limit • Let your card out of your sight whenever possible • Use credit card for low priced items ($10 or less)

Credit Card “Do’s & Don’ts”