man smiling with his bicycle

Credit cards are a valuable financial tool. They allow you to build credit, they’re a convenient payment method, and they offer protections that cash and checks just don’t, like purchase and fraud alerts. However, without a proper strategy in place, you can end up misusing credit cards and racking up debt. To help you use credit cards wisely, here are a few strategies you’ll want to consider:

1. Designate a primary credit card.

By picking one card to be your go-to, you can easily track and moderate your spending, because all of your charges will be on the same statement. By regularly checking your statement and ensuring that your spending is in line with your budget, you can use your credit card to your advantage!

This will also make it easy to have a backup “emergencies only” card, where you’ve got access to the entire credit limit, as you rarely use it.

2. Assign a purpose to your card.

If you already have more than one card, consider assigning a purpose to each one! That travel rewards card you picked up for the sign-up bonus might come with good rewards when used for travel-related purchases, but chances are you’ve got another card that will get you better bang for your buck on everyday spending.

Take a look at the rewards and perks tied to each card you have (or that you’re considering), along with the interest rate, and annual, balance transfer, and cash advance fees. Use that information to consider which card is best for gas and groceries, dining, travel, and emergencies.

Hint: the Xceed Platinum Visa® Rewards Credit Card is great for all of the above, and you skip the annual fee!

3. Look out for special offers.

Xceed offers 5x rewards for our Platinum Visa Rewards Credit Card on a regular basis, and all Xceed Platinum Visa® Credit Card holders are eligible for Visa Special Offers on your favorite goods and services. By scoring extra rewards points and taking advantage of discounts, you’ll stretch your money even further, leaving more left over each month for you to use on what you love!

YOU MAY ALSO LIKE
Quarterly Xchange: July – September 2018
06/29/2018 MONEY 101
Auto Loan Oughta-Knows

For the most accurate rates, tell us where you live.
Please enter a valid US zip code.

Your zip code will be stored for one day. During this time, all rates on this page will reflect your current location.

You are now leaving Xceed Financial Credit Union’s website. We provide hyperlinks to other sites solely as a convenience, and they may not always function properly. XFCU does not control, nor are we responsible for the contents of, or any link within, a third party’s site. A non-XFCU site might have a different privacy policy and may provide less security than XFCU’s site. When accessing a site from here, you are responsible for confirming the identity and authenticity of any third party you visit and transact business with online. Hyperlinks from XFCU are not endorsements by XFCU of any third party, its ownership or management, products, services, information or recommendations it may offer, or any advertisers or sponsors appearing on a third party’s site.

Cancel Accept