// HOW TO STAY ON GOOD TERMS WITH YOUR CREDIT CARD
The key to smart credit use: think of it as a cash flow tool, not as a way to get more stuff.
// DO... |
// DON'T... |
|---|---|
| Hold a major credit card, for use in emergencies, or when you don't want to carry cash. | Use your card if you won't be able to pay the balance. |
| Use your card for high-priority items and things you know you can afford. | Use your card for spur-of-the-moment purchases. |
| Use your card as a convenient way to track your spending, and to help you budget your money. | Carry your card in situations where you might be tempted to spend beyond your means. |
| Use your credit card and pay it off on time to help build a good credit rating. | Forget to check the conditions that accompany special offers, to make sure you are comfortable with the card's terms after the introductory period. |
| Use it for big-ticket items like a laptop or travel and collect rewards points. | Miss a payment — it may affect your interest rate and credit record and credit score. |
| Do keep receipts and check them against your statement or online account to protect yourself from fraud. | Use it for cash advances unless it's a true emergency — interest kicks in immediately. |