Credit Cards

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by chloehamer23
Last updated 6 years ago

Social Studies

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Credit Cards

Be aware that credit cards with rebates, cash back, travel awards, or other perks may carry higher rates or fees.

Credit Cards

Pay credit card bill early

Avoide intrest charges


To avoid late payment fees and possible interest rate increases on your credit cards, make sure you send in your payment a week to ten days before the statement due date. Late payments on one card can increase fees and interest rates on other cards.

You can avoid interest charges, which may be considerable, by paying off your entire bill each month. If you are unable to pay off a large balance, pay as much as you can. Try to shift the remaining balance to a credit card with a lower annual percentage rate (APR). You can find listings of credit card plans, rates, and terms on the Internet, in personal finance magazines, and in newspapers.

Use a rewards card

If you’re using a credit card for most or all of your purchases, make sure to find a card that offers rewards. Not only will you avoid paying interest on your purchases if you pay off the balance every month, you’ll also earn rewards such as cash, airline miles or retail points.