How to Be a Good and Responsible Credit Card User (Episode 193)

Updated: April 30, 2024

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What you’ll hear in this episode:

Do you have a credit card, or are you planning to get one soon?

In this episode, I shared credit card tips and strategies to ensure that your financial journey starts on the right foot and lead you away from debt problems. The tips are:

  1. Understand the terms and conditions.
  2. Know your credit card features and rewards.
  3. Be mindful of your card.
  4. Don’t let it out of your sight.
  5. Don’t treat it as free money.
  6. Use it primarily for convenience.
  7. Leverage on zero-interest installment plans.
  8. Use your virtual credit card online.
  9. Check your credit card statements thoroughly.
  10. Only spend what you can afford to pay off monthly.
  11. Never miss your due date.
  12. Always ask for your annual fees to be waived.
  13. Avoid having too many credit cards.
  14. Avoid making cash advances.

Excerpts and Highlights

A credit card is not a necessity. You can actually live without one, in my opinion. But I also believe the benefits of having one are too good to miss out on.

A credit card is a double-edged sword. And to learn how to use a sword, one must first master when to use a sword.

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