How to Use Credit Cards Well - PenFed-Stories Credit cards
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How to Use Credit Cards Well

September 2, 2021
Video Time: 00:44 | Views: 178

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, what 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.


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