Tips and Tricks For New Credit Card Users

How to use your card wisely, maximizing rewards, and avoiding common mistakes

Ilam Padmanabhan


Photo by Avery Evans on Unsplash

According to a study by the Federal Reserve, the average U.S. household has $9000+ in credit card debt. While some people manage to get out of this debt on their own, others struggle for years to pay off their bills.

Are you new to using credit cards?

If so, then you may be wondering how to get the most out of them without getting buried in debt. In this article, we’ll look at some tips and tricks for new credit card users that will help you get the most from your cards without taking on too much debt.

New Credit Card does NOT mean more money

A credit card can be a helpful tool if used correctly, but it’s important to remember that it’s not an extension of your salary. Just because you have a credit card doesn’t mean you can afford to purchase everything on it. New credit card users should limit their use to emergency purchases and regular bills like gasoline and groceries.

Photo by Sam Xu on Unsplash

Move to the next point only if you promise to pay off your balance in full every month. A credit card can help you build your credit score, but only if you use it responsibly. Carrying a balance from month to month will not only accrue interest, but it will also damage your credit score.

If you’re determined to use your credit card for more than emergency expenses, be sure to pay off your balance in full each month. Doing so will help you avoid debt and keep your finances healthy.

Pay off your balance in full each month and never missing a payment

Photo by Igal Ness on Unsplash

One of the best ways to take advantage of your credit card is to pay off your balance in full each month and never miss a payment. This will help you build a good credit score, which is important for getting…



Ilam Padmanabhan

Love to read and write about Software Engg, Agility, QA, Future of Humanity, AI, Books, Travel, Politics, Climate Change, Personal Finance, Writing & Life!