3 Tips for Using Credit Cards Wisely | PCH.com

Today's Tournament You Could Win Cash Tonight!

5 Roll

Let the Good Times Roll!

Shake things up by putting your dice-throwing skills to the test as you’re challenged to roll the combinations presented on your scorecard.

Get Rolling Now!


We have detected that you are using Ad Blocking Technology. Please disable your ad blocker to access PCH sites.

(Sponsored Ads keep us free!)

To disable Adblock Plus, simply click the icon on the top right hand corner of this page and uncheck the “Enabled on this site” section and revisit or refresh this page. If using an alternative ad blocker, please either disable while on this site or whitelist our sites.

Thank You!

Okay, got it!
Image description

3 Tips for Using Credit Cards Wisely

July 15th, 2013 Personal Finance

These days, consumers are becoming more conscious of the amount of money they spend and put toward savings. That being said, not everyone is anxious to use credit for their expenses. However, there are a couple of ways that you can use plastic and avoid accruing mountains of debt. Just because you have a credit card doesn't mean that you have to have a bad credit score tied to your name. Here are some tips for using it wisely whenever you need to shop.

1. Know that you can pay it off
Regardless of what you're buying, Forbes magazine stated that you should be able to pay for the item over a reasonable amount of time. If this can't be done, then you shouldn't use your credit card for the transaction.

2. Keep up with your account
It's always important to stay in the know about your line of credit, and it's becoming easier to do so today with the Internet and smartphone applications. Woman's Day magazine recommended keeping a close eye on your account to ensure that you aren't being charged additional fees or penalties.

3. Acknowledge the responsibility
A credit card doesn't mean that you have extra money to spend - it just gives you another way to manage your finances. With this in mind, it's important to grasp the responsibility that comes with a credit card, according to Mapping Your Future, a nonprofit financial advice group. It's critical to understand all of the terms and conditions that come with a line of credit in order to ensure that you aren't simply taking on more debt than you can handle.

By taking these tips into consideration, you can make sure that you're always using credit wisely when it comes time to make a purchase.