Ask the Experts
How to Use Credit Cards Well
September 2, 2021
Video Time: 00:44 | Views: 80
Credit cards can help or hurt your financial well-being depending on how you use them. PenFed Wealth Program Manager Matthew Doyal explains how to utilize credit cards to get the best bang for your buck.
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Let's talk about
how to use credit cards
to your advantage.
So first and foremost,
is to get those rewards.
You want to make sure that
you're using the
right credit card for you.
You're keeping careful
track of the amount you spend,
and that way you know exactly how much
rewards you're accumulating every month.
Second, pay it off every month.
The best way to maximize your rewards
is to avoid paying interest by paying
off your credit cards monthly.
And third, whatt that
also does is it helps
you build up an establish
a really good credit history over time
with a history of on time payments.