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 Pay at least the minimum due every month The minimum amount due is the least you can pay every month to keep your account in good standing. Pay more than the minimum and you'll reduce the interest you pay. Avoid late payments If you miss a due date, you may be charged a late fee. And, a late payment may be recorded on your credit history. Be sure your payment arrives on time by sending it 5-7 days before the due date, even if you use online banking. Don't get in over your head Credit cards don't give you more money - just spending power. It's okay to finance purchases when you need to, but remember that you will have to repay the money with interest if not paid in full. So use your credit card wisely and sparingly. Don't exceed your credit limit If you exceed your credit limit, a fee may be assessed. Over-the-limit fees are charged every month the amount of money you owe that exceeds your credit limit. Use cash advances only for emergencies Taking frequent cash advances becomes expensive. Remember, you are charged a fee every time you avail of one. Prevent fraud Be careful about how and when you use your credit cards. Never loan your card to anyone. Always check receipts against your monthly statements and report errors right away. Safeguard your identifying information Minimize your risk for theft by keeping items with personal information in a safe place at home. Notify your bank and other issuers when you change your address or phone number and be sure to report all lost or stolen cards immediately.
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