Financial Literacy for Everyone
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The Do's and Dont's of Credit: Use your card wisely


  • Pay your bills on time.
  • Pay at least the required minimum monthly payment shown on your statement.
  • Contact your creditors if you're having trouble making payments.
  • Shop around for credit.
  • Read your statements and other mailings from your credit card company carefully — this way you'll always be up to date about any fee increases or rule changes.
  • Read the cardholder agreement carefully.
  • Make yourself aware of the penalties for missed payments.
  • Request your credit file from the credit bureau at least once a year and make sure it is accurate.
  • Deal with companies you know and trust.
  • Use a credit calculator to figure out total price when paying with credit.


  • Buy on installment without having evaluated all other possibilities.
  • Give personal information or your credit card account number over the phone or the Internet unless you're dealing with a company you trust.
  • Be misled into thinking small payments will be easy.
  • Accept or use any form of credit until you understand and are comfortable with its terms and conditions.
  • Wait to report unauthorized transactions on your account.
  • Exceed the credit limit on your credit card
  • Lend your card to anyone.