IMPORTANT! Banesco Presents Easy Tips to Use your Credit Cards
If used responsibly, a credit card can be a very helpful financial tool for your everyday transactions. Making consistent, on-time payments can help boost your credit rating, and some cards offer more great benefits you probably don’t know yet. Today, Banesco and Juan Carlos Escotet bring all the tips and recommendations for you to start using your credit card responsibly to take advantage of all the benefits it can give to you. Keep reading and discover how!
It’s super important to pay your bill every month, even if the only thing you can afford is the minimum payment. Missing a payment could result in a late fee and a higher interest rate.
- Use your card only for needs
You should use your credit card carefully. Things you don’t really need can lead to debt. Credit cards can be used in emergency situations, such as a mobile phone bill that’s due before your next payday. Think about your credit card as a temporary loan to yourself, and then pay back the amount as soon you can to avoid interest charges.
- Pay off your balance
It is a good recommendation to pay interest on your credit card purchases by paying the full balance each month. Be brave and make an effort to resist the temptation to spend more than you can pay; this way you’ll see the benefits of using a credit card without interest charges.
- Be protected against credit card fraud
It’s good to know that there is no foolproof way to prevent all instances of credit card fraud and theft; however, you have the responsibility of adopting a few best practices that can help you to reduce your risk.
In case you are using your credit card to pay all of your purchases, it makes sense to use a card that offers rewards. It’s not only great to avoid paying interest, but you’ll also earn rewards such as cash, airline miles or retail points.