CREDIT

CARD

“DO’S

&

DON’TS”

DO

Limit yourself to one or two cards

Differentiate between needs and wants

Have the mindset that “Credit Cards are a convenience”

DO

Try to pay total balance off each month or at least more then minimum payment due

Manage your credit card account like you manage your checking account

DO

Pay your bills on time or early

Mail in your payment (check) as soon as you receive your statement (bill)

Watch out for flashy “Introductory Rates”

DO

Keep your credit card receipts (especially for the more expensive purchases)

Immediately notify your issuer if you move

Immediately notify your issuer if your credit card is lost or stolen

DON’T

Use your credit card for tuition

Skip payments, even if your issuers says you can

Accept or use cash advances

Use convenience checks

DON’T

Use one credit card to pay on or off another

Increase your spending when your issuer increases your credit limit

Let your card out of your sight whenever possible

Use credit card for low priced items ($10 or less)