How to choose and use a credit card responsibly! (By: Amen Desta)
Credit cards allow you to borrow money from the bank, use it for goods and services, and pay some of it back at the end of the month. The advantage of using credit cards is it will make getting loans easier by building your credit. How do you choose and use a credit card responsibly?To choose a credit card you should start with checking your credit and finding out which credit card you are eligible for. You can do this by checking your credit score online. The advantage of having a greater credit score is you can get credit cards that offer more rewards. Once you have done this, you need to find what you are looking for in a credit card. One type of credit card is one that can help improve or build your credit, for example student credit cards are meant to help college students who are trying to build their credit for the first time. There is also a credit card that is designed to help you save on interest. Lastly, reward credit cards offer rewards, miles and cash back. Some tips to help you use your credit card responsibly are paying your bills and monthly charges on time, and track your spending.
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