5 Tips to Save Your Credit Score

Having a good credit score is more than just having low interest rates and high credit limits. Usually, a credit card comes with deals and offers that get you discounts, rewards, and cash backs. Things that you simply cannot get with a normal debit card.

But a lot of people are still hesitant to get themselves one, saying that it’s all just a risky game of endless debt. If you are one of those people, then let me share with you some tips to save your credit score for a smooth-sailing credit experience.

Tip #1 Only use your credit card for purchases that you can normally afford.

Be responsible and never go way over your normal budget. The common mistake that first-time credit card holders do is spend more than what they can actually afford. Having a credit card allows you to spend money that you do not have, but that doesn’t mean that you are obliged to spend all of it.

Tip #2 Never ever miss a payment.

If you followed my first tip, following this one should not be a problem. Being responsible with your spending habits makes it easier to be responsible with payments. It is also a good idea to mark your calendars so you don’t miss a payment. Additional tip? Try your best to pay in full each month so that your balance does not accumulate over time.

Tip #3 Know the terms and rewards that come with your card.

I know this bit can be a bit tedious and boring, but it could end up saving you a lot of money.  Some card offers higher cash backs or rewards on certain purchases, so it is only smart to use your card for those kinds of purchases. Also, being an active user helps boost your credit score!

Tip #4 Keep track of your transactions and keep your information private.

If you have a mobile app, use it to regularly check charges that are made using your card. If not, you can always keep a copy of your purchase receipts so any unauthorized charges can be easily filed for dispute.

On top of that, always make sure that your account number and password for online accounts are all secured and private. As much as possible, keep these types of information to yourself, but if it can’t be helped, make sure that you only share it with the people who you can absolutely trust and hold accountable.

Tip #5 If you think that you are starting to have problems with your credit score, know it’s okay to ask for help.

I know that dealing with credit and financial problems can get a bit overwhelming. But don’t worry! Credit repair companies like HTP Enterprises Financial can offer you services like credit repair, credit monitoring, and even credit courses. These services can help you manage your finances better. Just do not wait until it is too late before you ask for help. Remember, prevention is always better than cure.

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