How To Use Credit Cards

You can use credit cards to build credit by following the recommendations above: Pay on time and in full, and keep a low balance. Know how your credit score is calculated The FICO Score is the credit score that most lenders use when deciding whether to offer you a credit card, loan or mortgage.

On the surface, using a credit card is easy; you just swipe, tap, or insert to pay. It's important to understand how card payments and interest work to avoid large interest fees. The key to...

Learn how credit cards work, how to use them to your advantage, and how to manage the costs and risks of using them. Find out how to pay your bill on time, avoid interest charges, and choose the best card for your needs.

1. Learn how to read your credit card statement. A great first step to responsibly using your card is understanding what’s in your monthly statement — or a summary of your card use over...