Welcome to Gaia! :: View User's Journal | Gaia Journals

You should try to pay your credit card balance off monthly. In general, it's best to use credit cards as a pass-through, and pay them before the next billing cycle starts, instead of as a high-interest loan. When you keep balances off your cards, you avoid interest and other finance charges. Making use of the cards helps build up your credit score, too.

A lot of companies offer large bonuses for new customers. Make sure that you go over the fine print because a lot of these credit cards will have terms that are very specific on qualifying for bonuses. The most common condition for the bonus is having to spend certain amounts during a set amount of months; before you get tempted with a bonus offer, make sure you meet the necessary qualifications first.

A cosigner can help you obtain a credit card if you have yet to establish credit. Co-signers can be siblings, parents, close friends, or anyone with established credit. Your co-signer will be legally obligated to make payments on your balance if you either do not or cannot make a payment. Doing so is a good way to start building credit.

Do not hesitate to pay off your card balances, in full, each month. You should view credit cards as a convenience form of payment, and budget the full payoff each month. Your credit score benefits from the credit card use, and you won't have finance charges if paid in full.

As the article said in the beginning, it is easy to start getting into debt when you don't know how to use a credit card. If you really wish to gain far more helpful information about homepage , see This website .