Using credit cards the right way
Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Research » Guides » Cardholder Benefits » Using credit cards the right way

Using credit cards the right way

Add to Favorites:

Credit cards are not always evil and there are many credit card customers who have been able to reap rich benefits by using credit cards in the proper manner. There are certain strategies which card holders should follow to ensure that they get the right benefits from the card.

Never get into debt

This is one of the best credit card debts that people can get into. If you pay off your outstanding balance consistently, before the last date of bill payment, you will never have to worry about the interest rates, which are usually high on credit cards. The more you do it, the more your credit rating will improve too, so that you will be offered credit cards with better rewards. Most importantly, you are able to use your card as a loan mechanism without any interests at all which is highly profitable. But you also need to ensure that you only charge your card when you are confident of paying off the debt.

Don't shop to avail rewards

A lot of credit card customers become greedy and charge their card just to avail discounts on the cards which are valid for a minimum amount of spending. Shopping without necessity will always lead you to outstanding balances that you cannot pay off at the end of the month. Outstanding balances which are not paid off at the end of the month will incur interests along with the late payment fees which will add to the debt.

Always be aware of the fine print

Whenever you are taking a new credit card it is a very good idea to go through all the fine print, to ensure that you know the rules and regulations well. This might include limitations to your rewards, special conditions pertaining to either discounts you get or interest rates charged on your card and most importantly the conditions under which you will incur penalties. All these terms are designed by card issuers to confuse and exploit the customers, so you will have to be careful.

Set up auto payments

It is a very good habit to set up auto payment of the debt every month from your checking account. That way you will be sure not to miss the billing date accidentally. You must remember that most credit card issuers take the bill date very specifically including the time. So you must try to avoid late penalties or interest rate hikes while you can manage it.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Other Cardholder Benefits Research:

Related Research:

How to Get Free Wi-Fi in the Air

By Herbert Moore, Posted: September 28, 2016

Sometimes in-flight Wi-Fi is the bare necessity when you travel abroad or within the country. However not all airlines offer free in-flight Wi-Fi. There is only a couple of airlines that will allow you to use Wi-Fi ... Continue reading

Amazon Credit Cards Review

By Allison Martin, Posted: May 30, 2016

When was launched 20 years ago, few could have envisioned how far the company would come. What was once an online specialty bookstore is now an Internet juggernaut that sells nearly anything and has made major inroads into ... Continue reading

How Much Do Shell Cards Really Save on Gas?

By Allison Martin, Posted: April 20, 2016

There is an endless amount of gas cards on the market, and practically every major gas station, including Shell, has options to choose from. In fact, Shell offers two options for gas cards for consumers. Continue reading