Do what you want to do with a credit card But don't do these things
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Credit Utilization Ratio >30%
Make sure your credit utilization is less than 30% of your credit limit, otherwise your credit score will go down
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Only making minimum payments
Not paying your bill in full can put you in debt and rack up unnecessary interest charges.
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Late or missed payments can seriously hurt your credit score
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It’s a good idea to check your transactions a few times each week to verify everything looks OK.
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Not knowing your APR and applicable fees
It is important that you interpret the terminology and review the important account terms so you understand all applicable fees.
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Perhaps one of the riskiest things to do with your credit card is to take out a cash advance.Interest starts accruing on the amount of cash you withdraw immediately
Taking out a cash advance
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Not understanding introductory 0% APR offers
you should review the fine print associated with the offers to know exactly when the intro 0% APR period begins and ends
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Maxing out your credit card
Using the majority, or all, of your available credit is never a good idea. Your utilization rate will be very high, which can lower your credit score.
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Closing a credit card
when you’re charged an annual fee that isn’t outweighed by the card’s benefits, then only close credit card
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Applying for new credit cards too often
Try to only apply for credit as needed Each time you apply for credit, a new inquiry appears on your credit report. The more inquiries in a short period of time, the greater risk you appear to lenders.
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