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To
make sure you keep building great credit, follow these
simple rules:
1.
Maintain a balance less than your credit limit.
In other words, don't "max out" your credit
card. If your credit limit is $2000, try to keep your
balance at $1000 or less.
2.
Pay your credit card bill on time every month.
If you are more than 30 days late with your minimum
payment, that late payment will be reported to the credit
bureaus and will negatively affect your credit score.
You may also have to pay a higher interest rate as a
result of your 30+ day late payment.
3.
Pay all balances down to zero every few months several
times a year. When you make purchases, take
a few months to pay them off. Then once your balance
is paid off, make more purchases and take a few months
to pay them off... and keep this cycle going.
This process shows the credit card companies that you
are creditworthy. You may be rewarded with lower interest
rates, higher credit limits, and a higher credit score.
These
"credit cards for good credit" have lots of
perks, money savers, and rewards along with low, "good
credit interest rates". With many credit card options
to choose from, one of them is perfect for you. Quick
approval. |
