Would you like to know a little more about how to use credit, but are scared to ask? This article is prepared to teach anyone a little more about proper credit usage and inform all consumers about common credit issues that they may face. Continue reading to learn more good credit card information.

There are often great bonuses for accepting a new card. Pay attention to the fine print on the card; in order to get the bonus, there are often certain terms you have to meet. Some companies, for example, specify that you must charge a minimum amount on your card within a specific time period. Make sure you will truly be able to qualify for such bonuses.

To preserve a high credit score, pay all bills before the due date. Paying bills late can harm your credit, and cost a lot of money. If you set up an auto-pay schedule with your bank or card lender, you will save yourself money and time.

Do not use one credit card to pay off the amount owed on another until you check and see which one has the lowest rate. While this is never considered the best thing to do financially, you can occasionally do this to make sure you are not risking getting further into debt.

Whenever you are considering a new credit card, you should always avoid applying for credit cards that have high interest rates. While interest rates compounded annually may not seem all that much, it is important to note that this interest can add up, and add up fast. Make sure you get a card with reasonable interest rates.

If you are having trouble with overspending on your credit card, there are several ways to save it only for emergencies. One of the best ways to do this is to leave the card with a trusted friend. They will only give you the card, if you can convince them you really need it.

Always know what your utilization ratio is on your credit cards. This is the amount of debt that is on the card versus your credit limit. For instance, if the limit on your card is $500 and you have a balance of $250, you are using 50% of your limit. It is recommended to keep your utilization ratio of around 30%, in order to keep your credit rating good.

As a general rule, you should avoid applying for any credit cards that come with any type of free offer. More often than not, anything that you get free with credit card applications will always come with some sort of catch or hidden costs that you are sure to regret later on down the road.

Avoid the temptation to lend your credit cards to anyone. No matter who it is, it is never a good idea. There are other ways to help a friend or family member in need other than allowing them to borrow your card.

Now you know how to use your credit better after reading this article. With this advice, you can better control your spending and use your credit cards responsibly when you are paying your bills or going shopping.