8 Tips on Using Credit Cards Wisely ...

Credit cards can make life easier or completely miserable. It all depends on how you use them. Here are 8 tips on using credit cards wisely. Some of them I learned the hard way and others were passed on to me by friends and family. I hope your experience with credit cards hasn’t been a negative one! Feel free to pass these on to someone who might benefit from them.

8. Keep Your Credit Limit Low

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It’s much too tempting to spend more money when you have a high line of credit. When monthly payments are made on time, many credit card companies offer to raise your line of credit; sometimes double the amount it currently is. If you aren’t sure that you can handle this dramatic increase, then call the company and ask them to keep it at the lowest amount of credit possible.