Follow These Simple Steps to Use Credit Cards Responsibly


When you’re researching credit ratings and how to obtain credit cards, it’s important that you’re using the credit cards you receive responsibly. Did you know that there’s a right and wrong way to use credit cards?

Used correctly, these valuable lending tools will allow you to reliably build your credit rating over time. Used irresponsibly, credit cards can end up damaging your credit and costing you a great deal of money in interest and late fees.

Here are some simple steps that you can follow to use credit cards responsibly.

Using Credit Cards Responsibly

Reaching a certain age doesn’t guarantee that you’re going to be a responsible credit card user. Instead, you need to keep these guidelines in mind.

  1. Always make your payments on time. When you don’t, credit card companies report your late payments to the credit bureaus, which can damage your credit and be difficult or impossible to remove from your record.
  2. Watch your statements carefully. Credit card theft is rampant in the U.S. and around the world. Make sure you’re always looking over your report to pinpoint unauthorized charges and report them immediately.
  3. Keep your limits under control. Has your credit card company set your limit higher than you’re comfortable with? You can always ask them to lower it. Try not to let your credit limit be higher than what you can pay off in a month, or at least two months.

Each of these steps will help ensure that your credit rating stays high and you’re able to responsibly use credit cards when you’re ready for them.

When you’re ready to apply for a credit card, choose a financial institution that you can trust. The professionals at Palmetto Citizens Federal Credit Union are available to answer your questions, or you can apply for your Visa credit card online anytime.