Payment history is a major credit score element. Missed payments can lower your credit score, and it may take months to rebuild it.
While making minimum payments is important to avoid incurring late fees, it won’t allow you to avoid interest charges.
Credit cards are about interest, but how it's charged might be complicated.
You should know fees, credit limits, and other conditions in credit card agreements.
Reading your monthly statement may seem tedious, but it's essential to managing your credit card account.
Your credit limit is your card's charge limit. A greater credit use percentage can damage your credit score if you approach close to your limit.
Lenders perform hard inquiries when you apply for a new credit card, lowering your credit score.
Credit card issuers may compel you to pay off your balance with interest if you cancel.